UK-based GWM Investment Management has acquired a stake in Optimus Capital, a local discretionary investment management firm.
Optimus works with institutions, charities and private clients, delivering bespoke portfolio services and private placements. The firm is headed by Martin Newson.
The size of the stake acquired or the financial terms of the transaction were not revealed.
GWM managing director Chris Payne said: “We are delighted to announce our partnership with Optimus Capital, in what represents another exciting chapter in GWM’s growth plan. The firm’s consolidated offering of asset management, private equity, and quantitative research capability makes it the perfect partner for GWM, and will be invaluable in strengthening our investment proposition.
“The partnership with Optimus Capital perfectly complements our existing proposition, bringing an institutional style, private equity deal capabilities for clients, and a range of diversified portfolios to our current offering. We would like to extend a warm welcome to Martin and his team.”