Finweek English Edition - - SIMON SAYS -

High-f ly­ing and high-val­ued An­chor Cap­i­tal an­nounced a deal to buy a ma­jor­ity of the com­pany that owns Robert Cowen In­vest­ments for an ini­tial R92m, with the re­main­ing 34% at a price-to-earn­ings (P/E) mul­ti­ple of 8 times over the next four years. The to­tal amount for the re­main­ing 34% can­not ex­ceed the ini­tial pay­ment, so in to­tal it will be a lit­tle over R180m

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