Acquisition update

RNS Number : 0257P

MJ Hudson Group PLC

15 February 2021

 

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

Acquisition update

Regulator approves MJ Hudson acquisition of Dublin based Bridge Group

MJ Hudson, the international asset management consultancy, confirms the completion of the acquisition of Bridge Fund Management Limited & Subsidiaries ("Bridge Group") following the receipt of full regulatory approval from the Central Bank of Ireland. The acquisition was first announced in October of 2020.

Bridge Group is a funds service provider based in Dublin. Its audited results for the twelve months to end September 2020 reported 44 per cent organic revenue growth with a solid new business pipeline extending to the end of this calendar year. The acquisition of Bridge Group adds an important funds centre to MJ Hudson´s network. It also brings a number of new international asset management clients, at least three of which, on a recurring revenues basis, will enter the top 10 list for the Group as a whole.

The combination with Bridge Group and MJ Hudson´s enlarged Business Outsourcing division will be discussed in the Company´s forthcoming interim results, due for release on 23 March 2021.

For further information contact:

MJ Hudson Group plc Matthew Hudson, CEO Andrew Walsh, IRO Katherine Hazelden, PR Director	[phone]
Cenkos Securities (Nomad and Joint Broker) Giles Balleny Stephen Keys Callum Davidson	[phone]
Investec Bank (Joint Broker) Christopher Baird David Flin	[phone]
Buchanan (PR Adviser) Stephanie Watson Kim Looringh-van Beeck	[phone]

About MJ Hudson

MJ Hudson, the international asset management consultancy, provides legal services, outsourcing, analytics and complementary advice and support to fund managers, investors, and their counterparties, together forming an end-to-end platform of services to asset management.

From its offices across Europe's major asset management centres and North America, MJ Hudson's team of over 230 professionals working in all alternative and traditional asset classes, including private equity, venture capital, hedge funds, real estate, infrastructure, energy, private credit and the equity and debt capital markets.

The firm was admitted to the AIM market of the London Stock Exchange on 12 December 2019 and trades under the MJH.L symbol.  

 

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