Macfarlanes advises J.C. Flowers & Co on £1.49bn sale of Interactive Investor to abrdn plc

02 December 2021

Macfarlanes has advised private equity firm J.C. Flowers & Co on the sale of its shares in direct-to-consumer investing platform Interactive Investor to abrdn, one of the largest European investment and wealth managers, for approximately £1.49bn.

Interactive Investor is the UK’s second largest DIY investment platform, with more than 400,000 customers and assets under administration of approaching £55bn. The transaction is subject to the approval of abrdn’s shareholders and regulatory approval and is expected to complete in the second quarter of 2022. Interactive Investor will continue to operate independently within abrdn.

The Macfarlanes team was led by corporate and M&A partner Justin Hope alongside solicitor Annie McElwain.

Justin Hope comments: “Having advised J.C. Flowers on its original investment in Interactive Investor in 2016, it has been a great pleasure to assist them with such a successful exit.”