Ashurst advises on £432m takeover of Mattioli Woods plc 

Global law firm Ashurst is advising Rothschild & Co, as financial adviser to Tiger Bidco Limited (a wholly-owned subsidiary of investment vehicles advised and managed by Pollen Street Capital Limited), on the takeover of Mattioli Woods plc (Mattioli Woods), announced today. The acquisition values the entire issued and to be issued share capital of Mattioli Woods at £432 million.

Mattioli Woods is a diversified wealth and asset management business. Its core proposition integrates asset management and financial planning to serve a broad range of individuals, professionals and executives. It also provides a broad range of employee benefit services primarily focused on medium-sized to larger corporates. Mattioli Woods was admitted to AIM in 2005.

Pollen Street Capital has a strong track record of investing in financial services businesses across Europe, deploying capital into growth-oriented businesses and supporting their management teams in achieving their strategic ambitions.

The acquisition is intended to be implemented by means of a Court-sanctioned scheme of arrangement.

The Ashurst team is being led by partners Tom Mercer and Tim Rennie, supported by associates Colin Bugler, Gareth Mair and Sandile Sibiya.