Dalton Strategic Partnership, the London-based asset
management firm, has announced changes to the ownership
structure and management of the business in the wake of the
death of founder Andrew Dalton in April last year.
Agreement has been reached in principle for the purchase of
equity by the executive partners of Dalton Strategic
Partnership (DSP) from the Dalton family. As a result of the
transaction, senior executives of DSP will control 51.5% of the
equity of the firm while the Dalton family will continue to
retain a quarter of the firm's equity.
The firm said the agreement, for which heads of terms have
been signed, is due to complete in February and will...