Somers

Company profile

Somers company profile

Somers is an investment holding company in the financial services sector. Somers (“Somers”) was established in 2012, and is a Bermuda Stock Exchange listed financial services investment holding company, with investments principally in the UK, Bermuda, and Australia. The Company’s core investments are primarily in the banking, asset financing, and wealth management sectors. Somers has shareholders’ funds of approximately US $349 million, and it invests in listed and unlisted companies, with both minority and controlling shareholdings. Somers is managed by ICM (“ICM”), a Bermuda based global fund manager and corporate finance adviser which manages over $19 billion in funds, directly and indirectly, in a range of mandates. ICM is a long term investor that focuses on having a deep understanding of the business fundamentals of each investment and its environment versus its economic value.