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DWF advises Mattioli Woods on acquisition of Atkinson Bolton

National business law firm, DWF, has advised Mattioli Woods plc, the specialist pensions consultancy and wealth management business, on the acquisition of the entire share capital of Thoroughbred Wealth Management Limited and its subsidiary Atkinson Bolton Consulting Limited (‘Atkinson Bolton’), from its shareholders.

The deal is valued at up to £5.99 million and is to be satisfied partly in cash and partly through the issue of 946,256 new ordinary shares of 1p each in Mattioli Woods.

Atkinson Bolton, an employee benefits and wealth management business founded in 2001 with the objective of providing clients with bespoke financial services. Based in Newmarket, Atkinson Bolton provides advice to both high net worth individuals and companies on all aspects of financial planning. It also offers a full discretionary management service and operates its own Open Ended Investment Company, The IM Thoroughbred Funds ICVC. Atkinson Bolton has total funds under management and advice of circa £420 million.

The acquisition enhances Mattioli Woods’ existing employee benefits proposition at a time when the introduction of the National Employment Savings Trust (NEST) and auto-enrolment present clear opportunities. In addition, the acquisition offers the enlarged group the opportunity to extend the provision of SIPPs to a wider audience and adds further specialist wealth management expertise to Mattioli Woods’ existing operations.

Ian Mattioli, chief executive of Mattioli Woods, commented on the deal: “The acquisition of Atkinson Bolton is an excellent cultural and strategic fit, offering real synergies with the wider Mattioli Woods Group.

“This is another exciting step forward in our development as a broader wealth management business and offers us the ability to provide additional value-added services to clients of both firms.”

Christopher King

Associate

I am an associate based in the Leeds office specialising in retail property and supporting corporate transactions.