Edwin Richards
Posted on 25 Apr 2016

Michelmores advises on Baigrie Davies deal

The Corporate team at Michelmores has advised leading financial planning firm Baigrie Davies on agreeing the terms, which requires regulatory approval, of its acquisition by Standard Life's national financial planning arm, 1825.
 
London based, Baigrie Davies, is made up of two overlapping business units; A Financial Planning business, serving private individuals and their families and a Corporate Services business, serving employers and their workforces. The business looks after c. £400m of client assets on behalf of private individuals and families and also looks after employee benefits for 68 businesses.
 
Standard Life's financial planning business, 1825 was launched in 2015 in response to fundamental regulatory and market changes that have been driving unprecedented client demand for financial planning. They offer their clients full financial planning and personal tax advice.
 
On completion of the deal, Baigrie Davies' 30 employees, including 11 financial planners and five paraplanners will form 1825’s London regional office – establishing a further presence in the Capital.
 
The Michelmores team was led by Alexandra Watson and Edwin Richards from our corporate team.

Hines Associates Limited, Hubert Brandts and Aleksey Kireenkov, acted as financial adviser to the shareholders of Baigrie Davies.

For further information please contact: Edwin Richards, in Michelmores' London Corporate team: on +44 (0)20 7659 4656 or at edwin.richards@michelmores.com