People Moves
Deals Of The Day: The Latest In Wealth Management M&A - Blick Rothenberg, Druces

The latest M&A deals in wealth management.
CogitalGroup, the
international business services group focused on entrepreneurial
and private businesses, and its London division, Blick Rothenberg,
are pleased to announce the acquisition of Rees Pollock. Financial
terms were not disclosed.
Rees Pollock, is a practice, focusing on advising owner-managed
businesses with a particular expertise in businesses regulated by
the Financial Conduct Authority.
“Rees Pollock’s team and client base complements Blick
Rothenberg’s depth of experience in tax and international
business. The acquisition builds on Blick Rothenberg’s ability to
support owner-managed businesses, particularly those that are
regulated by the Financial Conduct Authority,” John Connolly,
executive chairman, said.
“This acquisition is part of Cogital’s growth strategy and is
another step forward in our plans to build a technology-driven
international business services group strengthening our presence
in the entrepreneurial business sector,” he added.
Druces
Druces, the veteran
City law firm, has merged with fellow London-based Sykes Anderson
Perry. Druces said that the deal bolsters its private client and
real estate practices and represents around £1.6 million ($1.98
million) of additional fee income for the firm. The
financial terms of the acquisition have not been disclosed.
Four directors - who will become partners or consultants at
Druces - seven fee earners, three secretaries and two business
services staff are joining as a result of the merger.
Druces is bringing over Christopher Sykes, a real estate
specialist in the field of leasehold enfranchisement, author of
the Law Society book on the subject and co-founder of Sykes
Anderson Perry. He will be joined in the Real Estate team by
residential property partner, Gemma Wright, together with two
senior associates.
At the Private Client and International Wealth & Fiduciary team,
Druces is adding consultant and co-founder, David Anderson, an
international private client tax specialist, and partner Nicole
Gallop Mildon. Nicole Gallop Mildon is dual-qualified in England
and France and advises on UK and cross-border private client
matters as well as French real estate issues. She works with a
dual-qualified Spanish Abogado/English solicitor who is also
joining the Private Client team.
This merger follows from Druces’ hook-up with Ronaldsons last
year, which bolstered the firm’s Capital Markets practice.
The merger will take effect from 1 October 2019.