MJ Hudson Group PLC – MJH – Acquisition update

MJ Hudson Group PLC – MJH – Acquisition update

MJ Hudson, the international asset management consultancy, confirms the completion of the acquisition of Bridge Fund Management Limited & Subsidiaries ("Bridge Group") following the receipt of full regulatory approval from the Central Bank of Ireland. The acquisition was first announced in October of 2020.

 

Bridge Group is a funds service provider based in Dublin. Its audited results for the twelve months to end September 2020 reported 44 per cent organic revenue growth with a solid new business pipeline extending to the end of this calendar year. The acquisition of Bridge Group adds an important funds centre to MJ Hudson´s network. It also brings a number of new international asset management clients, at least three of which, on a recurring revenues basis, will enter the top 10 list for the Group as a whole.

 

The combination with Bridge Group and MJ Hudson´s enlarged Business Outsourcing division will be discussed in the Company´s forthcoming interim results, due for release on 23 March 2021.

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