Travers Smith LLP has advised long-standing client Caledonia Investments plc ("Caledonia") on the sale of its minority stake in Stonehage Fleming Family & Partners Limited (“Stonehage Fleming”), a multi-family office providing advisory services to many of the world’s leading families and wealth creators, to Corient Private Wealth LLC, a US-headquartered wealth management and advisory business.
Travers Smith advised Caledonia on the acquisition of its initial stake in Stonehage Fleming in July 2019 and since then the business has grown strongly both organically and through acquisition. Supported by Caledonia, the business has continued to expand its geographic reach and range of services through multiple strategic acquisitions. Today Stonehage Fleming operates in 14 countries and is the leading multi-family office in the EMEA region.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr with support from Senior Counsel Max Conway.
Travers Smith also recently advised Caledonia on the acquisition of majority stake in Direct Tyre Management in 2024.
