December 16, 2016 / 8:02 AM / in 7 months

BRIEF-IP Group acquires UK EIS growth fund manager Parkwalk

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Dec 16 (Reuters) - IP Group Plc :

* Says IP Group Plc acquires Parkwalk, UK's largest EIS growth fund manager focused on university spin-outs

* Says has agreed to acquire Parkwalk Advisors Ltd for an initial consideration of 10 mln stg

* Says Parkwalk has raised over 100 mln stg to date with majority of funds coming from leading private wealth platforms

* Says Parkwalk will retain its existing investment team and investment decision-making independence post-acquisition Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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