We are delighted to announce that C. Hoare & Co. has entered into an agreement to sell its investment dealing and custody business to Canaccord Genuity Wealth Management UK & Europe. C. Hoare & Co. is the UK’s oldest family-owned private bank focused on providing services to the highest standards. The sale by C. Hoare & Co. is in line with its strategy of improving and refocusing on its private banking business following the recent sale of its wealth management business in February, 2017.
Canaccord Genuity Wealth Management provides comprehensive wealth management solutions and brokerage services to individual investors, private clients, charities and intermediaries through a full suite of services tailored to the needs of clients in each of its markets. Canaccord Genuity Wealth Management is a division of Canaccord Genuity Group which is a leading independent, full-service financial services firm with operations in two principal segments of the securities industry, wealth management and capital markets, from offices in North America, Europe, China, Australia and the Middle East.
IMAS acted as the exclusive financial adviser to C. Hoare & Co. throughout the project, providing advice on all aspects of the sale, including deal strategy, identifying and marketing to prospective acquirers, input to the negotiations with bidders and ultimately the agreement with the preferred party.