Funds managed by Standard Life Aberdeen have increased their stake in British asset manager Liontrust to 5.01%.
Earlier, the funds were separately managed by Aberdeen, Standard Life as well as Ignis.
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Standard Life and Aberdeen merged in 2017 and were rebranded as Standard Life Aberdeen. Upon completion of the deal, the combined group reported assets under administration of £670bn.
Ignis was taken over by Standard Life in 2014 in a deal worth £390m.
The latest deal comes as Liontrust reported a growth in assets after the acquisition of Alliance Trust Investments.
Assets under management (AuM) at Liontrust reached £12.05bn at the end of September 2018. The figure marked a 15% rise from £10.48bn as at 1 April 2018.
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By GlobalDataNet inflows in the six months to September 2018 totalled £723m, compared to £178m in the previous year.
The adjusted pre-tax profit of the firm during the period increased 21% to £14.5m on a year-on-year basis.
However, market volatility resulted in a decrease in AuM at the firm to £11.5bn as of 19 November 2018.
