As a result of the transaction, which is due to be formerly completed next month, the senior executives at DSP will jointly own 51.5% of the equity in the company, with the Dalton family retaining a quarter of the firm’s equity.
DSP said external shareholders and strategic partners, Tokyo-based FuNNeX Asset Management and Toronto-based Interward Asset Management, will also retain their share of equity in the company.
DSP, which offers a range of Luxembourg domiciled Sicav funds as well as UK OEICs, said it made the deal to ensure the firm remained independent following the unexpected death of its founder Andrew Dalton in April last year.
