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CBG Capital

Fund Manager: CBG Asset Management
Inception Date: Dec 01, 2014

Clime acquires equities boutique for $3.6m

Financial Standard - Jul 17, 2017

Clime Investment Management will push its gross assets under management past $700 million with the acquisition of a Sydney-based Australian equities boutique. Clime will purchase CBG Asset Management, which has $130 million in assets across three mandates including a listed investment company, for $3.6 million. This comprises $3.2 million on completion of the acquisition, plus $375,000 12 months from that date, assuming funds under management retention and certain other conditions. Consideration represents 6.5 million Clime shares at 50c per share and a further 750,000 shares on 30 June 2018, subject to the above requirements. CBG principal Ronni Chalmers will also join Clime's management team. Chalmers said: "The combined funds team will offer a deeper and broader research capability. The extended product list will be of immense interest to CBG clients." [More]

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