Macfarlanes advises on the sale of Seven Investment Management

08 September 2023

Macfarlanes has advised on the sale of Seven Investment Management (7IM), a vertically integrated wealth management business, to Ontario Teachers’ Pension Plan Board (OTPP), a global investor with approximately C$250 billion in net assets.

The transaction is subject to change in control approval by the Financial Conduct Authority and is expected to complete in late 2023 or early 2024.

7IM was acquired by Caledonia Investments plc in September 2015 and has since grown strongly both organically and through acquisition. Supported by Caledonia, 7IM has continued to invest in its market leading proprietary platform service, enhance its multi asset investment management capabilities and proposition, and has expanded its private client offering via multiple strategic acquisitions.

The Macfarlanes team was led by Corporate and M&A partner Stephen Drewitt with assistance from senior associate Alice Temkin and associates Jordan Treacy-Jacobs and Maeve Williams. Regulatory advice was provided by partner Alexandra Green and senior consultant Tim Plews.

Stephen Drewitt comments: “It is always rewarding to be involved through the life cycle of an investment; we advised on the initial acquisition of 7IM, assisted with its growth and development and then worked on the sale to OTPP. Doing so, with Caledonia Investments plc, and with Dean Proctor, Duncan Walker and the broader 7IM management, has been a particular privilege.”