Member Article

Bond Dickinson advises on major sale

National law firm Bond Dickinson LLP has advised the shareholders of Allenbridge, the investment advisory business, on the sale of the business to MJ Hudson the specialist law and asset management services firm.

The transaction was led by Managing Associate, Leon Miller, who provided corporate advice, and Managing Associate, Ronan Lowney, who advised on taxation.

Allenbridge works with pension funds and other institutional investors on a range of issues including asset allocation, manager selection and investment governance. It works with more than 40 institutions with over £120bn under management.

Leon Miller, Bond Dickinson, said: “We’re delighted to have advised Allenbridge on this significant transaction. The relationship with Allenbridge stretches back to 2011 having advised on the sale of the retail division of Allenbridge Group plc to Close Brothers Asset Management.”

Anthony Yadgaroff, chairman of Allenbridge added: “Having previously worked with Leon on the transaction with Close Brothers Asset Management, it was great to have the same legal team on board with us again this time round. Having continuity with our legal advisers is paramount because they understand from the outset how we operate and what is important to us as a business. Now that the deal has completed we are delighted to be part of MJ Hudson. We know the firm very well and we look forward to providing an enhanced service to our clients.”

MJ Hudson also acquired at the same time the outsourced fund management provider Tower Gate Capital.

Based in seven office locations across the UK, Bond Dickinson provides legal services across a wide range of sectors including energy, manufacturing, financial services, insurance, retail, transport, real estate and private wealth.

This was posted in Bdaily's Members' News section by Womble Bond Dickinson LLP .