The firm is advising AIM-listed investment platform Nucleus Financial Group plc on its recommended all-cash £144.6m offer by specialist pensions provider James Hay Holdings.
The deal, which will see the establishment of a financial planning and retirement-focused adviser platform with assets under administration (AUA) of £45 billion, is anticipated to complete in Q2 or Q3 2021, subject to regulatory approvals.
The deal, which formally announced on 9 February, was initially to have been structured as a court-sanctioned scheme of arrangement but was switched to a conventional takeover offer on 30 March at James Hay’s election. Formal offer documents were despatched to Nucleus shareholders on 13 April.