Wealth manager expands with £5.96 million deal

An investment and wealth management firm has expanded with a multi-million-pound takeover.

PhillipCapital UK has bought Walker Crips Group.

The deal was completed for £5.96 million.

Headquartered in London, investment management, financial planning and pension support firm Walker Crips Group’s office estate includes sites in Birmingham, Norwich and York.

Headquartered in Singapore, PhillipCapital operates across markets including Australia, China, India, Japan, the United Arab Emirates and the UK and US.

Walker Crips Group was advised on the deal by law firm DWF.

Its corporate team was led by partner John Campion and director Jemil Visram, supported by solicitors Matthew Kernohan and Feras Alobaidli. 

Litigation partner Joel Heap and associate Victoria Harkness advised on a court-sanctioned scheme of arrangement, with partner James Cashman and solicitor Douglas Pyrke providing tax advice and director Aaron Osborn delivering financial regulatory advice.

John said: “We are delighted to have supported Walker Crips Group on this important transaction. 

“This move will provide financial strength and a stable platform to reignite growth prospects.”

Sean Lam, Walker Crips Group joint chief executive, added: “John, Jemil and the wider DWF team delivered outstanding legal guidance and support.”

Walker Crips Group was advised on the financial terms of the takeover by Singer Capital Markets Advisory LLP.

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