Crosby Capital Partners has confirmed that it has entered into a memorandum of understanding with Forsyth Partners Group to acquire certain assets from Forsyth, according to a statement.

The agreement is non-binding and is subject to a number of conditions, but Crosby is hopeful the remaining regulatory and administrative conditions will be met in the next few days and the negotiations taken to a successful conclusion.

Details of any transaction, if successfully completed, will be made public in due course, the statement says.