Gresham House completes Appian deal to establish EU presence

Appian to be known as Gresham House Ireland

Gresham House has completed the acquisition of Appian Asset Management, following approval from the Central Bank of Ireland, to establish Gresham House Ireland.

The specialist alternative asset manager announced it was set to acquire Ireland-based Appian in December last year, for a total consideration of €10m. The deal is part of Gresham House's international expansion plans and gives it a regulated EU-based platform post-Brexit. As at 31 December 2020, Appian Asset Management had assets under management of €350m, managing funds across equities, infrastructure and forestry, with the deal set to bring the group's pro forma AUM to £3.6bn. New Gresham House forestry fund to pay investors in carbon credits In a statement following completi...