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Broadstone to acquire private client and treasury investment team from PwC.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

investment services

Domestic

Pending

Majority

Investment Banking

United Kingdom

Friendly

Private

Synopsis

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Broadstone, an employee benefits and pensions consulting business, agreed to acquire private client and treasury investment team from PwC, a multinational professional services firm. Financial terms were not disclosed. “This acquisition brings us an expert team with extensive experience in advising individuals, families and trustees as well as institutional clients including charities and sovereign wealth funds. It further enhances our ability to help clients achieve their goals, expanding our capability in traditional and alternative asset classes and treasury and counterparty credit risk management," Grant Stobart, Broadstone CEO.

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