Hilbert Group agrees to acquire digital asset manager Liberty Road Capital

Odaily News Nasdaq-listed Hilbert Group AB announced that it has agreed to acquire digital asset management company Liberty Road Capital (LRC). The acquisition is structured as an equity-only asset purchase, including earn-out and prepayment portions, and Hilbert Group will acquire Liberty Road's entire business, including all asset management agreements, existing client relationships, all intellectual property and key employees. The transaction is set up to ensure that Hilbert retains all gross earnings from the acquired business. To this end, Hilbert Group and Liberty Road have signed a binding list of terms. The transaction is expected to be completed in January 2025. (Accesswire)