Canaccord Acquires Brooks Macdonald International to Enhance Wealth Management Services
Deal News | Feb 27, 2025 | Travers Smith
Travers Smith LLP has played a pivotal advisory role for its client, Canaccord Genuity Wealth Management, in the acquisition of Brooks Macdonald Asset Management (International) Limited. This acquisition from Brooks Macdonald Group plc reinforces Canaccord's foothold in the UK's Crown Dependencies—Guernsey, the Isle of Man, and Jersey—and aligns with its strategic ambition to become the leading integrated wealth manager in the region. The legal advisory team was led by Finance Partner Donald Lowe, with crucial support from Senior Associate Jody Coleman and Associate Jagoda Kochan.
Sectors
- Wealth Management
- Financial Services
- Legal Advisory
Geography
- United Kingdom – The acquisition seeks to strengthen Canaccord's position as an integrated wealth manager in the UK.
- Crown Dependencies – The expansion focuses on Guernsey, the Isle of Man, and Jersey, which are part of the UK's Crown Dependencies.
Industry
- Wealth Management – The acquisition expands Canaccord's capabilities to provide wealth management services to international clients.
- Financial Services – Both Canaccord and Brooks Macdonald operate within the broader financial services sector, focusing on various financial products and services.
- Legal Advisory – Travers Smith, acting as the legal advisor, falls into this industry, providing strategic legal guidance for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Canaccord Genuity Wealth Management | Buyer | Company | A wealth management firm acquiring Brooks Macdonald Asset Management (International) to expand its capabilities. |
| Brooks Macdonald Asset Management (International) Limited | Target | Company | The international arm of Brooks Macdonald Group plc, which is being acquired by Canaccord. |
| Brooks Macdonald Group plc | Vendor | Company | The parent company selling Brooks Macdonald Asset Management (International). |
| Travers Smith LLP | Legal Advisor | Company | A law firm advising Canaccord on the acquisition. |
| Donald Lowe | Finance Partner | Person | Leading the advisory team from Travers Smith. |
| Jody Coleman | Senior Associate | Person | Part of the Travers Smith team supporting the acquisition. |
| Jagoda Kochan | Associate | Person | Part of the Travers Smith team supporting the acquisition. |