RVRB

River Global PLC

Financial Services First-pass screen £50m

350/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 45

Valuation 25% 30

Downside protection 15% 40

First-pass take

Loss-making active equity manager (A shares: -£2.8m loss, -£1.5m EBITDA) with zero AI exposure facing AuM decline (£322m H1 outflow). Profitability dependent on cost-cutting in structurally declining industry. Parmenion stake (30%, £75-90m) insufficient offset.

Flags

loss-makingno-ai-exposurecyclicalgoing-concerncustomer-concentrationstructural-decline