abrdn plc’s £1.49 Billion Acquisition of Interactive Investor

In UK Macfarlanes LLP, Taylor Wessing, advised on the matter.

Macfarlanes LLP advised J.C. Flowers & Co. with a team including Justin Hope (Picture – Corporate M&A).

Taylor Wessing advised interactive investor with a team including Sian Skelton (Commercial Law), Paolo Palmigiano (Competition Law), Tim Strong (Competition Law), Russell Holden (Corporate M&A), Paul Callaghan (Employment), Mark Smith (Employment), Charlotte Hill (Finance), Ann Casey (Tax M&A and Deal Advisory), Anna Humphrey (Tax M&A and Deal Advisory).

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 (Picture) alongside solicitor Annie McElwain. 

Taylor Wessing’s team included Russell Holden, Partner, Charlotte Whalley, Senior associate, Suzy Davis, Senior Associate, William Zhang, Associate, Shaun Brewster, Associate, Nick Vollers, Trainee, Francesca Moore, Paralegal, Skigh Milne, Paralegal, Paul Callaghan, Partner, Mark Smith, Partner, Colin Godfrey, Senior counsel, Vikki Wiberg, Senior counsel, Joe Aiston, Senior associate, Afshan Mallik, Senior associate, Ruth Moffett, Associate, Sian Skelton, Partner, Kelly Burke, Senior associate, Mary Rendle, Associate, Ann Casey, Partner, Anna Humphrey, Partner, Richard Carson, Consultant, James Stewart, Senior Counsel, Charlotte Hill, Partner, Paolo Palmigiano, Partner, Louisa Penny, Senior counsel, Arnav Gupta, Associate, Katie Fry-Paul, Associate, Olivia Turner, Trainee and Tim Strong, Partner.

Involved fees earner: Justin Hope – Macfarlanes LLP; Annie McElwain – Macfarlanes LLP; Joe Aiston – Taylor Wessing; Kelly Burke – Taylor Wessing; Paul Callaghan – Taylor Wessing; Ann Casey – Taylor Wessing; Suzy Davis – Taylor Wessing; Katie Fry-Paul – Taylor Wessing; Colin Godfrey – Taylor Wessing; Arnav Gupta – Taylor Wessing; Charlotte Hill – Taylor Wessing; Russell Holden – Taylor Wessing; Anna Humphrey – Taylor Wessing; Paolo Palmigiano – Taylor Wessing; Louisa Penny – Taylor Wessing; Mary Rendle – Taylor Wessing; Sian Skelton – Taylor Wessing; Mark Smith – Taylor Wessing; James Stewart – Taylor Wessing; Tim Strong – Taylor Wessing; Charlotte Whalley – Taylor Wessing; Vikki Wiberg – Taylor Wessing;

Law Firms: Macfarlanes LLP; Taylor Wessing;

Clients: interactive investor; J.C. Flowers & Co.;

Author: Giulia Di Palma