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Wol Kolade discusses the change in Management arrangements

 

 

Livingbridge has announced that it has reached an agreement to sell the fund and investment management business of Livingbridge VC LLP, comprising the Baronsmead VCTs and the Livingbridge Equity Funds, to Gresham House plc (“Gresham House”), a specialist alternative asset manager listed on the London Stock Exchange, for up to £40 million.

Wol Kolade talks about the rationale behind the transaction and details around the transition process.