Caisson Investment Management (Caisson) and iO Asset Management (iO) can confirm that the two specialist industrial and logistics investment and asset managers will be combining their expertise following a merger.
Both businesses have successful long-term track records in the light industrial and logistics sector with a combined c. £1bn of assets under management across the UK and Europe. Both manage assets on behalf of their investors which include local authority pension funds, institutional investors, family offices and corporates.
The new Caisson iO group will consist of 22 people and through joining forces, they will provide their respective clients with greater depth, capacity and expertise across fund management, asset management, finance and accounting, investor relations and sustainability.
Caisson and iO currently manage a wide portfolio of logistics and multi-let industrial assets across the UK and Poland. Following the merger, the Caisson iO group will be looking to expand its offering across both territories.
Since their respective formations in 2009 (Caisson) and 2011 (iO), both businesses have built strong teams of asset and investment managers, many of whom have over 30 years of experience in the light industrial and logistics sector. Prior to the merger both Caisson and iO worked together on several projects and share the same values and work ethics of providing their clients with a seamless service. Under the merger, iO will relocate all its staff to Caisson’s offices in the City of London with all staff being retained.
Angus Scott Brown, Managing Director of iO said: “Caisson and iO have worked together for over ten years and in many ways, the two teams are already aligned with the client care we already provide. James Allen and I are excited by the opportunities that the merger of these two strong brands will bring to our UK and international client base over the coming years.”
Mark Bowden, Founding Partner of Caisson added: “This is a natural progression for both businesses and I am equally excited, along with my two other founding partners, Michael Newman and Philip Stott, by the opportunities that the combined strength of Caisson and iO will bring to our client base in a highly specialised commercial real estate sector which continues to enjoy significant investment opportunities.”