Professional services group makes £10m bid for Arden Partners
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Legal and professional services firm The Ince Group is set to acquire Birmingham-based corporate adviser and stockbroker Arden Partners in a deal worth £10m.
Post-deal, Arden shareholders will own approximately 21.6% of The Ince Group.
Adrian Biles, chief executive of Ince, said: “My team and I have been working with Donnie Brown and the Arden team since 2017 and we have developed a strong relationship of mutual respect. I am delighted that Donnie and his team will be joining the Ince Group. This deal is driven by client need. Clients in the UK and overseas are telling us that they want to streamline their advisory relationships whilst being able to access the London capital markets. This deal brings best in class professional services and investment banking together.”
Donald Brown, chief executive of Arden, said: “This deal is an important strategic development as it secures Arden’s position as an attractive adviser and broker able to offer a wider range of services and access to a larger client base as a result of being part of a more diversified entity. At the same time, this deal provides an ideal home for our loyal and talented employee base, many of whom are familiar with Ince as a result of our long-standing business relationship.
“Both businesses share a strong commercial culture and a focus on high growth companies. We believe that the combination will address the needs of ambitious, growing companies as they look to take advantage of London’s capital market and professional services excellence. The share structure of this transaction allows the shareholders of Arden Partners and its stakeholders generally to be part of a larger, more diversified organisation that has substantial growth and synergistic opportunity.”
Cattaneo Corporate Finance Solutions advised the board of Arden Partners on the proposed deal. Pinsent Masons provided legal advice to Arden Partners plc.