News
Response to Change of Manager at Bramdean Alternatives Limited
19/11/09
Consensus Business Group (“Consensus”), advisor to Elsina Limited (“Elsina”), notes with interest the announcement by the Board of Bramdean Alternatives Limited (“BRAL” or “the Fund”) that the contract to manage the Fund is to be sold by Bramdean Asset Management (“BAM”) to Aberdeen Asset Management PLC (“Aberdeen”).
Commenting on the move, Vincent Tchenguiz, Chairman of Consensus said:
“The new Board of BRAL, Chaired by Jonathan Carr, was appointed earlier this year with a brief to maximise value for Shareholders. The Board of Elsina – BRAL’s largest shareholder – and I fully endorse and support the outcome of their deliberations. We have known Aberdeen and its Chief Executive, Martin Gilbert, for many years and we look forward to cooperating with them and with the Board. We have every confidence in their ability to successfully manage the future growth of the Fund.”
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For further information please contact:
Seán Bellew Direct: +44 (0)20 7355 7957
Mobile: +44 (0)7973 234040
Email: s.bellew@cbg.uk.com
NOTES TO EDITORS
Elsina Limited holds 925,000 Sterling shares in Bramdean and 73,438,431 Dollar shares in BRAL which in aggregate represent 28.72 per cent. of the total voting rights in BRAL.
Elsina Ltd is Registered in British Virgin Islands with Company Number 598129. It’s Registered Address is Palm Grove House, Road Town, Tortola, British Virgin Islands. The legal owner of Elsina Ltd (itself the beneficial owner of the Bramdean shares held by its nominee Sinjul) is the Tchenguiz Family Trust. Elsina is being advised by Vincos Ltd (trading as Consensus Business Group).
Consensus Business Group provides advisory services on numerous assets, investments and business opportunities to the trustees of the Tchenguiz Family Trust which is its ultimate beneficial owner.
Consensus covers all aspects of advice from the identification of strategic areas of business; the acquisition, financing (including structured and complex financing) and development of specific opportunities; long term business development and growth; management techniques and incentivisation; and through to the realisation of benefits for all stakeholders.
Consensus recommends investment opportunities in a broad range of synergistic activities. Consensus has four asset classes: UK ground rents and property management, commercial real estate, private equity and a large funds portfolio in a variety of sectors including alternatives, infrastructure, renewable energy and sustainable development, buyout, technology and expansion capital.
