Burges Salmon advises Premier Asset Management on merger with Miton Group

The firm’s Corporate team advises asset manager Premier Asset Management on an all-share merger of Premier and Miton

14 November 2019

The Corporate team from Burges Salmon has advised retail asset manager Premier Asset Management Group PLC on its merger with Miton Group plc, to create a new group with some £11.5 billion of assets under management.

The merger, which became effective on 14 November 2019, forms ‘Premier Miton Group’, and brings together two complementary and culturally-aligned businesses to create a combined group with enhanced scale and financial strength. Both Premier and Miton have a shared client-centred culture with a belief in active investment management, relevant products and strong investment performance. The combined group has created a business with a wider product range and greater scale that is well positioned to attract and retain top investment talent and address the current and future needs of a broad range of clients.

The merger sees Premier’s shareholders own 66 per cent of Premier Miton Group, with Miton shareholders owning the remainder. Premier Miton Group is AIM-listed.

The Burges Salmon team, led by Corporate team partner Chris Godfrey, advised Premier Asset Management on all legal aspects of the merger.

Premier Asset Management Chief Executive Mike O'Shea says: "We have worked closely with Chris and the Burges Salmon team for almost 15 years. The team’s knowledge of the funds sector is impressive and they know our business inside-out, which has made their advice over the years invaluable, not least for helping us navigate our way through our IPO in 2016. We are extremely grateful to all involved at Burges Salmon for helping us complete this exciting merger with Miton."

Key contact

Chris Godfrey

Chris Godfrey Partner

  • Corporate
  • Funds and Asset Management
  • Financial Services

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