For the acquisition, Brooks Macdonald will pay GBP23.1 million, and has said that it expects the additional deferred consideration as part of the deal to hit GBP9 million.
Though the acquisition will complete on 19 November 2012, the deferred consideration will be payable in November 2014.
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Spearpoint manages around GBP1.1 billion of assets, and Brooks Macdonald said buying the manager fitted with its growth strategy.
"The acquisition of Spearpoint is a major step forward for the group and captures an opportunity we have been seeking for a number of years. It adds scale, offshore and international capability together with the acquisition of a strong investment management and pensions team," said Brooks Macdonald group chief executive Chris Macdonald.
It was in December 2009 that Spearpoint had taken over management of the Arch Cru funds from Arch Financial Products, charged with winding up the suspended funds over a five-year period.
In 2011, it had reported pre-tax profits of GBP3.9 million on revenues of GBP11.4 million.
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