TLT advises Wealth Club on Clubfinance acquisition
TLT has advised Wealth Club, an investment service for high net worth and experienced investors, on its acquisition of execution-only discount broker Clubfinance. The deal will form what is believed to be the UK’s largest investment platform of its kind.
Clubfinance offers enterprise investment scheme (EIS), venture capital trust (VCT), investment, pension and stock-broking intermediation services. The acquisition supports Wealth Club’s aim of creating the leading specialist broking platform for tax-advantaged investment.
Corporate partner Jon Gill led the TLT team, supported by corporate associate Adam Kean and trainee solicitor Sophie Hayward. Regulatory advice was also provided by Noline Matemara and Patrick Shee of TLT’s specialist financial services team.
Alex Davies, CEO and founder of Wealth Club, comments: “Clubfinance fits perfectly with what we do and the acquisition supports our progression towards becoming the investment platform of choice for high net worth and experienced investors, with best-in-class service, choice and research.
“It has been a pleasure working with the TLT team. They have been extremely professional and turned things around quickly. They understood what was important and what wasn’t. This by and large has allowed me to concentrate as much as possible on running my business rather than being too distracted by the transaction. I would happily recommend them.”
Jon Gill, partner at TLT, comments: “As an adviser to VCT and EIS funds in our venture capital and private equity practice, we are very aware of the growth in these asset classes and their increasing role in both supporting growth businesses and providing high net worth individuals with investment opportunities. Wealth Club is a leader in its field and we were delighted to be able to support Alex and his team in achieving this transformational acquisition.”