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Travers Smith advises on £79.5 million acquisition by Canaccord Genuity Wealth Management of Hargreave Hale Limited


Travers Smith have advised long-standing client Canaccord Genuity Wealth Management on its acquisition of Hargreave Hale Limited, a leading independent UK-based investment and wealth management business, for aggregate consideration of up to £79.5 million.

This acquisition establishes a substantially enlarged wealth management operation in the UK and Europe and represents another step in Canaccord Genuity Group Inc.'s strategy of growing its global wealth management business and increasing its wealth management contribution to overall group results.

The Travers Smith team was led by Corporate Partner Philip Cheveley, working closely with Corporate Senior Associate Mark Anderson, Corporate Associate Stephanie Poulier, Finance Partner Donald Lowe, Finance Associate Daniel Domb, Tax Partner Kathleen Russ, Financial Services and Markets Partner Tim Lewis and Employment Partner Tim Gilbert.

The sellers of Hargreave Hale were advised by Locke Lord LLP (Sean Page).

The transaction is expected to close in the fourth quarter of 2017.

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