Liontrust Asset Management PLC

In 1995, Pacific acquired a 100% interest in River & Mercantile Investment Management (RAMIM). River & Mercantile was founded in 1881 and at the time of acquisition by Pacific managed five investment trusts with a total of £400 million under management. Pacific sold the largely short dated investment management contracts but retained the River & Mercantile name and established a new fund management company which became Liontrust Asset Management PLC, a specialist long only UK equities business.

Liontrust was floated on the London Stock Exchange in 1999 and Pacific placed down all of its 75% holding in tranches over the following years.