City veteran's latest venture is trying to keep a lid on costs
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AssetCo will pay £16.5m in cash for a 63% stake in the business, and will commit a further £5.25m to fund growth
The purchase comes after AssetCo earlier this year doubled its holding in River & Mercantile
The veteran fund management deal maker has thrown his support behind proposals designed to fuel the listing of so-called blank-cheque companies in the UK
The move extends an existing partnership between the two groups
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