Hatstone Lawyers advised TEAM plc, the AIM listed financial services group, in connection with the acquisition of Concentric Group Limited, subject to final approval from the Jersey Financial Services Commission.
Concentric is a Jersey based financial planning and investment consultancy business, delivering investment performance and analysis for high net worth individuals and institutional investors in Jersey and internationally.
TEAM was established to become a wealth and asset management business via (among other things) acquiring wealth management businesses which adds to the scale and breadth of services provided to clients, and Concentric has an entrepreneurial management team who are well known to TEAM and the acquisition will facilitate a natural step up in the existing working relationships between the two businesses and represents a logical next step for TEAM in its strategy to act as a consolidator in the highly fragmented wealth and asset management market.
Group partner Simon Vivian (pictured) led the Hatstone team, assisted by Stefan Schausberger and Stephen Wauchope.
Simon commented: “Hatstone was delighted to act for TEAM in connection with the acquisition of Concentric, which represents the next exciting step on TEAM’s journey to become a leading wealth and asset management business. We look forward to advising TEAM further as they progress with their plans to achieve this.”
Matthew Moore, COO and CFO of TEAM, commented: “We very much enjoyed working with Simon and the team at Hatstone. Their responsiveness and attention to detail was exemplary, and we look forward to working with Hatstone again as TEAM further develops.”