Carlyle-Backed Hawksmoor to Acquire UK Wealth Manager GBIM
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Hawksmoor Investment Management, a wealth manager backed by Carlyle Group Inc., has agreed to acquire smaller UK peer Gore Browne Investment Management, according to a client letter seen by Bloomberg.
Hawksmoor agreed to buy Gore Browne, and will keep the brands trading under their different names, Gore Browne Chief Executive Officer Mark Arkwright wrote in the letter. His Salisbury, Wiltshire-based firm manages roughly £520 million ($635 million) in assets, according to people familiar with the deal, asking not to be identified discussing confidential information.