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Brooks Macdonald plans to acquire LIFT Financial Group for up to £45m to expand its UK financial planning services.
Brooks Macdonald Group Plc plans to acquire LIFT Financial Group Ltd and LIFT-Invest for up to £45 million, with an initial cash payment of £30 million.
The deal, aimed at enhancing Brooks Macdonald's financial planning services in the UK, is expected to complete by March 2025, pending regulatory approval.
LIFT manages approximately £1.6 billion in assets and serves around 1,400 clients, contributing to anticipated earnings growth for Brooks Macdonald.
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Brooks Macdonald planea adquirir LIFT Financial Group por un máximo de 45 millones de libras para ampliar sus servicios de planificación financiera del Reino Unido.