Travers Smith has advised Brooks Macdonald Group plc, a leading wealth management firm offering multi asset investment services, on the acquisition of 100% of the issued share capital of LIFT-Financial Group Ltd and LIFT-Invest (together, "LIFT") for a total consideration of up to £45m.
Travers Smith advised on the recent disposal of Brooks Macdonald's international operations and the LIFT transaction represents a deployment of freed up capital following such disposal.
LIFT is headquartered in Greater Manchester, with offices in London and Edinburgh, providing high-quality financial services to c.1,400 clients made up of private individuals - predominantly in financial services and professional sports - families and corporate clients. The acquisition enhances the Group's position in the UK, expanding its client reach and accelerating its existing financial planning capabilities to provide strong opportunities for the future.
The acquisition is subject to regulatory approval and is expected to complete by the end of March 2025.
The Travers Smith team was led by Corporate M&A Partner Jon Reddington, supported by Senior Associate Ella Sharpley and Associate Laura Priestley.
