The merger stands to create a world-leading independent wealth management and advisory firm, expected to oversee $24.2bn in client assets with 135 employees operating from six offices worldwide.

The deal is expected to close in the first quarter of 2021.

The Macfarlanes team for this matter was led by corporate and M&A partner Adam Campbell. Tax advice was provided by partner Jeremy Moncrieff and solicitor Charlie Tannock, finance expertise by partner Kirstie Hutchinson and senior solicitor George Silber, with regulatory advice coming from partner Andrew Henderson.

Adam Campbell comments “We were delighted to advise Stanhope once again on this transformative merger, which will greatly enhance the combined firm’s investment capacity in both public and private markets.”