Member Article

DWF Leeds advises Mattioli Woods on £6m acquisition

The Leeds team of business law firm, DWF, has advised Mattioli Woods plc, the specialist pensions consultancy and wealth management business, on the acquisition of the entire share capital of Thoroughbred Wealth Management Limited and its subsidiary, Atkinson Bolton Consulting Limited (‘Atkinson Bolton’), from its shareholders.

The deal is valued at up to £5.99 million and is to be satisfied partly in cash and partly through the issue of 946,256 new ordinary shares of 1p each in Mattioli Woods.

Atkinson Bolton is an employee benefits and wealth management business, founded in 2001, with the objective of providing clients with bespoke financial services. It advises both high net worth individuals and companies on all aspects of financial planning and offers a full discretionary management service and operates its own Open Ended Investment Company, The IM Thoroughbred Funds ICVC. Atkinson Bolton has total funds under management and advice of circa £420 million.

The acquisition enhances Mattioli Woods’ existing employee benefits proposition at a time when the introduction of the National Employment Savings Trust (NEST) and auto-enrolment present clear opportunities. In addition, the deal offers the enlarged group the opportunity to extend the provision of SIPPs to a wider audience and adds further specialist wealth management expertise to Mattioli Woods’ existing operations.

Leading the deal was Guy Jackson, partner at DWF. He commented: “It has been a pleasure working with Mattioli Woods on another strategic acquisition which will enhance its existing employee benefits offering and enhance delivery across each of its corporate employee benefit, wealth management and investment propositions.”

Guy was supported by Alex Birch, associate, Hannah Graham, solicitor, and Hayden Rogan, tax director, in the Corporate team; Jayne Firth, associate, in the Pensions team; Jim Speed, partner, and Christopher King, associate, in the Real Estate team; Kate Guilding, associate, in the Employment team; and Emma Roe, partner, in the Commercial team.

This was posted in Bdaily's Members' News section by David Gatehouse .