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Announced

Raymond James to acquire Charles Stanley for $387m.

Financials

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Transaction Value£279m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA9x
Share Price Premium43.5%
One Off Charge-

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Asset Managers and Custodians

United Kingdom

Majority

Cross Border

Pending

investment management

Acquisition

wealth management

Public

Single Bidder

Synopsis

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Raymond James, an American multinational independent investment bank, agreed to acquire Charles Stanley, a UK investment management company, for $387m. The transaction, subject to UK Financial Conduct Authority and Charles Stanley shareholder approval, is expected to close in the calendar fourth quarter of 2021. “We have long admired Charles Stanley’s reputation, heritage and its talented pool of wealth managers and professionals. The two firms share a common, and increasingly rare, client-centric approach whereby the primary client relationship is held by the individual wealth managers. We both offer employed and self-employed affiliation models, while Raymond James also provides platform services, enabling the flexibility that wealth managers value. Further, Charles Stanley meets Raymond James’s historical acquisition criteria, in particular as an excellent strategic fit with a complementary culture,” Paul Reilly, Raymond James CEO.

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