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Gresham House gets UK FCA approval for purchase of investment fund manager

Specialist alternative asset manager Gresham House PLC received formal approval from the U.K. Financial Conduct Authority for its proposed acquisition of alternative investment fund manager FIM Services Ltd.

Gresham House announced on May 2 the acquisition, through wholly owned subsidiary Gresham House Holdings Ltd., of the entire issued share capital of FIM Services for a total consideration of up to £25.0 million.