Kirkland & Ellis advised Warburg Pincus on its co-investment in the combined group of Tilney and Smith & Williamson. The merged group will be known as Tilney Smith & Williamson and will be the UK’s leading integrated wealth management and professional services business.
The combined business will be responsible for approximately £44 billion in assets under management and, on a pro forma basis, will generate circa £530 million of revenue. Ranked by assets under management, Tilney Smith & Williamson is expected to be the fourth largest UK wealth management business and, measured by fee income, will be the sixth largest UK professional services firm.
The Kirkland team was led by transactional partners Adrian Maguire, Stuart Boyd and Tom McCarthy; debt partners Neel Sachdev and Leon Daoud; regulatory partners Lisa Cawley, Prem Mohan and Philip McEachen; and antitrust and competition partners Sarah Jordan and Annie Herdman.