Irwin Mitchell advises Arundel Wealth Management on acquisition by Shackleton

Irwin Mitchell’s Corporate team has advised the shareholders of Arundel Wealth Management Limited on its acquisition by national financial planning and wealth management business Shackleton Advisers Limited.

The acquisition further strengthens Shackleton’s presence in the South-East as part of its ongoing nationwide expansion strategy. It also significantly enhances its specialist capabilities in advising on financial planning matters for clients in the professional sports sector, an area in which Arundel has developed noteworthy expertise.

The transaction adds more than £200m in assets under advice/management to Shackleton’s business and has received approval from the Financial Conduct Authority.

Legal advice to Arundel was provided by Irwin Mitchell, with the transaction led by Christian Vale from the firm’s London corporate team, supervised by Bryan Bletso, Partner and Head of International, with assistance from corporate trainee solicitors, Sima Esteki and Umi Chilemba.

Bryan Bletso said :

“We are delighted to conclude this transaction on behalf of Arundel who are long-term clients of the firm. Congratulations to the Arundel team on what is an exciting new chapter for them.”

Christian Vale said:

“We were pleased to support Arundel Wealth Management on this transaction and to work closely with the management team through a successful sale process. This deal reflects the continued consolidation within the wealth management sector and Shackleton’s ambition to grow its national platform through high quality acquisitions.”

Jon Alexander, founder and managing director of Arundel Wealth Management, said:

“Having built our business over some two decades, we carefully considered firms that would complement our unique approach and enable us to continue providing exceptional service to our clients, while also benefiting from the additional resources of a larger group. Shackleton shares our high standards and commitment to excellence. Becoming part of Shackleton will allow us to invest in and grow our business, while ensuring our clients are able to benefit from its valuable resources, and its excellent in-house investment team.

“Thank you to Bryan, Christian, and the rest of the Irwin Mitchell team who worked tirelessly to conclude this transaction for us.”