AssetCo plc (AIM:ASTO) agreed to acquire SVM Asset Management Limited for £10.7 million on June 21, 2022. As per consideration terms, £9 million to be issued in the form of convertible loan notes in AssetCo and about GBP 1.7 million in cash, subject to balance sheet adjustments. The transaction is subject to regulatory approval.

As of year ended 2021, SVM Asset Management Limited reported revenue of £4.3 million.