Avendus to Acquire UK-based Ocean Dial Mgmt
Financial services firm Avendus Capital said it is acquiring UK-based Ocean Dial Asset Management, a move which will help boost its asset management business and bring in clients from other parts of the world. Ocean Dial currently manages assets worth 450 million pounds in long only India equities, across three funds. The deal value was undisclosed. Avendus has been consistently making efforts to bolster its asset management businesses.