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Addleshaw Goddard advises Polar Capital on acquisition of HIM Capital

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Addleshaw Goddard has advised AIM listed Polar Capital on the acquisition of fund manager HIM Capital.

The acquisition, which is expected to complete before the month end, will establish a strong financials sector franchise within the Polar Group.

HIM Capital was formerly called Hiscox Investment Management prior to the management buyout of the business from Hiscox plc at the end of 2007.

HIM has been managing financial funds since 1993 and currently has the following four open ended, long only funds invested in the financial sector: Hiscox Insurance Portfolio Fund, Hiscox Far Eastern Financial Fund, Hiscox European Financial Fund and HIM Income Fund.
 
Mike Duggan, corporate partner and head of Addleshaw Goddard’s wealth and asset management group, says: "We are delighted to have worked with the Polar team on a successful transaction to incorporate the HIM team into the Polar Group and establish a strong financials sector franchise for Polar Capital. The acquisition is in line with Addleshaw Goddard’s Wealth and Asset Management group’s focus to continue to grow our presence in the sector."
 
The Polar acquisition follows on the footsteps of Addleshaw Goddard advising on last week’s sale of Leeds’ based 2plan Wealth Management to Openwork. Launched in 2007, 2plan Wealth Management is an independent financial advice firm in the UK.

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