River and Mercantile and AssetCo are pleased to announce that the acquisition has become effective in accordance with its terms.

Alex Hoctor-Duncan, River and Mercantile CEO, commented: "This represents an exciting time for everyone at R&M as we now begin the next stage of our journey as an integrated part of AssetCo, with ambition to grow while remaining a business that can react with speed and take advantage of the opportunities that exist both today and as we move into the future."

Martin Gilbert, Chairman of AssetCo plc, said: "The acquisition of River and Mercantile is an important milestone for us. It will form the core part of our active equity platform and it brings an infrastructure capability which will be the bedrock of our private markets business."

Further details are available on the RNS.