Syndicate Asset Management plc (SAM) has, through its subsidiary Ashcourt Holdings, acquired a 35 per cent interest in Dutch financial services firm CombiMeer for an undisclosed sum. SAM has the option of acquiring the remaining shares after January 2009.

Syndicate Asset Management plc (SAM) has, through its subsidiary Ashcourt Holdings, acquired a 35 per cent interest in Dutch financial services firm CombiMeer for an undisclosed sum. SAM has the option of acquiring the remaining shares after January 2009.

Joining Combimeer’s board is John Morton, SAM’s group chief executive. He commented: “Through our subsidiary, Ashcourt Asset Management, we already manage portfolios for CombiMeer clients.

“The transaction will allow Ashcourt to bring some of its considerable experience in the UK wealth management market to help develop CombiMeer’s business.”

Greenberg Traurig in Amsterdam acted as transaction counsel in the two-step acquisition, advising both companies on legal and tax matters. On the legal side efforts were co-ordinated by Hans Mouthaan. Frank Butselaar headed Greenberg Traurig’s tax team.