Sanlam takes controlling stake in FOUR Capital

Sanlam International Investments is to significantly increase its stake in boutique FOUR Capital in order to work more closely with the business.

The renamed Sanlam FOUR business marks the culmination of a process that begin in 2009, when Sanlam took an initial 29.9% stake in the firm. Sanlam Group will now hold a 89.7% stake in the company, though the investment teams within the existing FOUR business will retain 30% equity stakes in their specific business areas. The transaction, which is subject to FCA approval, will have no impact on the existing investment team at FOUR. The team manages UK, Europe, Global and multi-strategy funds. Lukas van der Walt, chief executive of Sanlam, said: "We have been busy in recent years bu...