Mergers & Acquisitions / Joint Ventures

RAB delists as Sunwah drops energy fund, PCE takeovers


Asset manager RAB’s new life as a privately held company begins today (2 September) as the firm completed its delisting from the AIM market, three weeks after Asia-based financial group Sunwah International pulled out of its previously announced plans to take over two RAB energy funds as well as the London-based PCE Investors fund management platform.

Sunwah announced in mid-August that it had decided not to go ahead with the acquisitions, which would have given the Asian family-controlled group a bridgehead for a planned expansion into the global alternative asset management market.

The group cited market volatility for