14/12/2023·2 mins to read
Simpson Grierson assists in major wealth management M&A deal
Earlier this week we helped close the sale of wealth management business Hobson Wealth to Forsyth Barr for an undisclosed sum.
Corporate Partner Michael Pollard, who led the transaction says: “The deal was notable for its complexity due to the large number of stakeholders involved, and is of significant interest given the prominent place that these businesses have in the broader capital markets community.”
“Our corporate team is very happy to have played a key advisory role for Hobson Wealth in this strategic transaction,” says Michael.
The merged group will see Forsyth Barr’s financial adviser network grow to 220 nationwide and its client volume book grow.
Our corporate team who worked on the deal include Partner Michael Pollard, Senior Associate Courtney Mearns, and Solicitors George Sussock and Zoe Drake.