TRANSACTION SUMMARY

On 20 December 2023, Troy Asset Management (“Troy”), and its shareholders, announced that it entered into a definitive agreement with a new long-term partner, Lincoln Peak Capital (“Lincoln Peak”), whereby Lincoln Peak will acquire a substantial minority stake in Troy, primarily from non-management shareholders including the Weinstock family. There will be no changes to Troy’s management team or operational and investment autonomy following the transaction with Troy continuing to be independent and owned by long-term shareholders. Furthermore, as a result of the transaction, direct equity ownership in the business held by employees and management will increase, helping to accomplish Troy’s long-desired objective of increasing equity participation amongst the Company’s employees. Terms of the transaction were not disclosed.

TROY

Troy Asset Management is an independent investment boutique, which was established in 2000 by Sebastian Lyon, Troy’s CIO and Founder, and the late Lord Weinstock.

LINCOLN PEAK

Lincoln Peak is a Boston-based private organisation that specialises in making long-term, minority investments in high quality asset managers. Founded in 2008 by experienced industry investors Seth Brennan and Tony Leness, Lincoln Peak facilitates ownership transitions in a manner that aligns the interests of a firm’s key constituents and positions it for long-term stability and success.

ROLE

SHP acted as financial adviser to Troy.