HCR supports £40m sale and £1.6m acquisition for Tavistock Investments Plc

15th June 2021

HCR’s Wye Valley corporate team, led by Jennifer Staples, have advised financial services firm Tavistock Investments Plc on the sale of Tavistock Wealth Limited to Titan Wealth Services Ltd for c£40m. They have also acted for Tavistock Investments on the acquisition of the advisory business of Chater Allan Financial Services LLP for around £1.6m.

Tavistock Investments is an AIM-listed company offering independent financial advice and institutional quality investment management services to more than 30,000 clients across the UK. The HCR corporate team has advised Tavistock Investments on various acquisitions in the past. The sale of its investment management arm will provide Tavistock with the funds needed to support a planned acquisition programme.

After the transaction, Tavistock will continue to work closely with its award-winning investment team and with Titan Wealth.

Jennifer said: “It’s always good to help a longstanding client to achieve their growth plans and it was particularly interesting on this occasion to advise on a major disposal.”

Oliver Cooke, chairman of Tavistock Investments, said: “Being supported by a first-class team of lawyers takes a great deal of stress out of the process.”

Harrison Clark Rickerbys has more than 780 staff and partners based at offices in Birmingham, Cambridge, Cardiff, Cheltenham, Hereford, London, Milton Keynes, Northampton, Hereford, Thames Valley, Worcester and the Wye Valley, providing a complete spectrum of legal services to both business and private clients regionally and nationwide.

The firm has global reach via its network of independent law firms, LawExchange International. It also has a number of highly successful teams specialising in individual sectors, including health and social care, education, technology, agricultural and rural affairs, finance and financial services, defence, security and the forces, and construction.