Articles FSP advises shareholders of Lewis Chambers and Plan4Wealth on £10m sale

A team from Field Seymour Parkes have advised the shareholders of Chambers Group and Plan4Wealth on the sale of the entire issued share capital of the companies to Succession Group in a deal which values the businesses at more than £10m.

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Ian Wood-Smith

Ian Wood-Smith

The independent wealth management businesses, with offices in Maidenhead and Farnham, have more than £200m in funds under management.

Mark Stokes, managing director of Chambers Group – which trades as Lewis Chambers, commented:

"The valuation at £10m underlines the quality of the combined propositions. Yet for both businesses, the cultural fit was far more important than the deal price, and we undertook extensive due-diligence to be certain our clients, staff and stakeholders would be as comfortable with Succession as they have been for the last 21 years with Lewis Chambers and Plan4Wealth.”

The team at FSP was led by senior partner Ian Wood-Smith with assistance from corporate solicitor Duncan Kay, employment partner Ian Machray and tax partner Philippa Roles.

Mark Stokes said that the FSP team provided an outstanding service with Duncan Kay in particular dealing with any issues which arose in a calm and methodical manner.