Seneca Investment Managers builds for the future with acquisition of Miton Capital Partners

Seneca Investment Managers builds for the future with acquisition of Miton Capital Partners

London, 24 January 2014 – Seneca Investment Managers Ltd has today announced the acquisition – subject to FCA approval – of Liverpool-based Miton Capital Partners, a division of Miton Group.

The fund management firm will be renamed Seneca Investment Managers, in an acquisition that represents a key building block for Seneca Partners Group. The purchase will add a profitable and successful fund division to the group’s UK asset management and corporate advisory operations.

The funds currently managed by Miton Capital Partners are:

1. CF Miton Distribution Fund

2. CF Miton Diversified Growth Fund

3. Midas Income & Growth Trust plc

The funds’ successful investment management team will all remain in place, overseen by new CEO, Stuart Eaton. In future Seneca Investment Managers will add additional expertise and resources to the existing team in order to drive further growth. The two OEICs will also be rebranded to reflect their new ownership.

The acquisition will disrupt neither clients nor staff, and the business’s multi-asset investment pedigree will be strengthened. Seneca Partners is headquartered in Merseyside, and this geographical proximity will ensure the firm’s new owners are able to give Seneca IM the support, resources and direction needed to ensure it continues to flourish.

Stuart Eaton, CEO of Seneca Investment Managers, commented:

“Miton Capital Partners was a perfect fit for us – strategically, logistically and geographically. We had wanted to expand our asset management operations in order to offer a more holistic proposition to our clients; and the funds and experience we have acquired enable us to do just that. With the acquisition of this profitable and proven business, we now have the foundations in place to build the Seneca brand and realise our broader goals for our clients and the group.

“The existing Miton Capital Partners fund management team share our vision for the new company, and are excited at the opportunities that Seneca’s expertise and proximity will bring to the business.”

For further information visit the Seneca Investment Managers website

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.