Macfarlanes advises 7IM on acquisition of Amicus Wealth

11 December 2023

Macfarlanes has advised 7IM on its acquisition of Amicus Wealth as part of 7IM’s broader growth strategy.

7IM is a longstanding client of the firm and this transaction follows an announcement earlier this year that Ontario Teachers’ Pension Plan Board agreed to acquire a majority stake in 7IM from Caledonia Investments plc. 

Established in 2002, 7IM is a client-centric, technology-driven wealth and investment manager that manages approximately £21bn of assets on behalf of more than 2,300 financial advisory firms and 7,000 private wealth clients across the UK. 

Amicus Wealth is a City of London-based financial planning and advice business, whose 35+ financial advisers serve c.£1bn of assets for c.3,000 clients. This acquisition will create a group with a combined AUM of approximately £22bn, and over 550 employees and partners in the UK.

The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt with assistance from associates Jordan Treacy-Jacobs and Maeve Williams. Regulatory advice was provided by partner Alexandra Green and tax advice by partner Jeremy Moncrieff. Finance partner Kirstie Hutchinson, supported by associate Judy Chu, led on the financing aspects.