IMAS acted as the exclusive financial adviser to Thomas Miller Investment on the sale of its private client financial planning, wealth management and investment management operations to Canaccord Genuity Wealth Management.
Thomas Miller Investment’s private client business provides independent, specialist investment and financial planning services to high net worth individuals, families and advisers resident in the UK and internationally via its offices in London, Southampton, Birmingham and the Isle of Man. It is part of the Thomas Miller Group, an independent and international provider of insurance, professional and investment services which has been looking after its clients’ interests for over 130 years. Following the sale of its private client activities, Thomas Miller Investment will focus on providing investment management services to institutional clients.
Canaccord Genuity Group Inc. 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 its offices in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia, the wealth management operations of the group, Canaccord Genuity Wealth Management, provide 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.
IMAS was responsible for planning and managing the entire transaction process, including the initial preparations, the marketing of the opportunity to prospective buyers through to the ultimate closing of the transaction. Our work included specific valuation advice, the managing of a comprehensive auction process and assisting in the detailed negotiations with the bidders, including Canaccord Genuity.