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Swedish listed company Hilbert Group acquires digital asset management company Liberty Road Capital

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Nov 27, 2024

Swedish publicly listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC) through an equity asset purchase transaction, whereby all AUM, existing client relationships, key employees, and all intellectual property will be acquired by Hilbert Group. LRC co-founder Russell Thompson will join Hilbert Group. This transaction features a value-added profit structure, with the upfront purchase price including 2,727,264 newly issued B shares, equivalent to 4% of Hilbert Group's equity. Additionally, the acquisition involves a 50/50 revenue share from Liberty Road's business over the next two years. According to the terms, Liberty Road commits to converting all net profits under its future revenue share into new B shares of Hilbert Group. (Cointelegraph)

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