Global law firm Ashurst is advising Merrill Lynch International in its capacity as sponsor to Rathbones Group plc in connection with its proposed combination with Investec W&I UK. Pursuant to the terms of the combination, Rathbones will issue 27,056,463 new ordinary shares and 17,481,868 convertible non-voting ordinary shares to Investec Bank in consideration for the entire issued share capital of Investec W&I UK.
The combination brings together two trusted and prestigious UK wealth management businesses with closely aligned cultures and operating models and a shared commitment to client-centric values and sustainable growth. The combination represents a significant value creation opportunity for both Rathbones and Investec Group shareholders.
The combined prospectus and circular was published on 1 June 2023 and completion of the combination is expected to occur in early Q4 2023.
The Ashurst team is being led by partners Harry Thimont and Tom Mercer, supported by senior associate Maria McAlister and associate Jack Mason-Jebb.
