Brachers advises the shareholders of Magus Wealth on its sale to AAB

Brachers’ Corporate team has advised the shareholders of Magus Wealth on its successful sale to AAB, a strategic move that brings AAB’s total assets under advice close to £2 billion.

Magus Wealth, a well-established financial planning firm with offices near Gatwick and in the City of London, has built a strong reputation for delivering high-quality, client-focused advice since it was established in 1998. The acquisition by AAB marks a significant milestone in the firm’s journey and reflects the strength of its business model and leadership team.

The Brachers team was led by Matt Simmonds (Corporate Partner) and included Dan King, (Corporate Partner), Alistair Wickham (Corporate Associate), Joe Burrows (Corporate Solicitor), Charlotte Berthel (Corporate Paralegal), and Colin Smith (Employment Partner). The team worked closely with Magus Wealth’s leadership and other advisors to ensure the smooth and timely completion of the transaction.

Other advisors on the deal included Cube Partners (Accountants to Magus Wealth), Sean Rowbotham (FD and Corporate Finance Advisor), Addleshaw Goddard (Legal Advisors to AAB), and EightAdvisory (providing transaction support to AAB).

Dante Peters, CEO of Magus Wealth, commented:

“This transaction marks a new and exciting chapter for Magus Wealth. We’ve always been committed to delivering exceptional outcomes for our clients, and in AAB we’ve found a partner who shares that same ethos. Matt Simmonds and his team at Brachers have been outstanding throughout. Their deep sector knowledge, commercial approach, and tireless work ethic were instrumental in getting this deal over the line. We’re incredibly grateful for their support.”

Michael Aitken, Managing Director of Magus Wealth, added:

“Working with Matt and his team at Brachers has been a real pleasure. Their ability to navigate complex issues and provide clear, pragmatic advice gave us real confidence at every stage of the process. They’ve been a trusted advisor to us for many years, and their contribution to this deal has been invaluable. We’re thrilled with the outcome and excited about what the future holds with AAB.”

Matt Simmonds, Corporate Partner at Brachers LLP, said:

“I am so pleased for Dante, Mike and the team at Magus Wealth on its successful sale. I have worked with the team for a number of years both as an advisor to them and co-advisor to our shared clients. I have seen first-hand the strength of their business and the commitment to what’s right for their clients. We are incredibly proud to have supported them on this landmark transaction. In AAB, they have found a fantastic partner who shares their values and ambition. We wish both teams every success for the future.”

This transaction further demonstrates Brachers’ expertise in the financial services sector and its ability to deliver complex corporate transactions with precision and care.

This content is correct at time of publication