Intrinsic’s Recommended Cash Offer For Lighthouse Group plc


Ashurst is advising J.P. Morgan in relation to the £46 million recommended cash offer for Lighthouse Group plc by Intrinsic Financial Services Limited, a wholly-owned indirect subsidiary of Quilter plc.

Intrinsic is a network of over 3,500 advisers, including independent financial advisers, mortgage and protection advisers and over 1,600 restricted financial planners. Intrinsic provides ongoing advice to approximately 200,000 customers and is one of the largest restricted advice networks in the UK.

Lighthouse is an AIM-quoted group of approximately 400 financial advisers providing financial advice to retail and corporate customers across the UK through three principal operating divisions: (i) its national affinity business, which is a market leader for the provision of advice to members of affinity groups, with 23 contractual relationships whose aggregate membership exceeds six million individuals; (ii) its wealth advisory business, working with clients of approximately 40 accountancy and professional connections and higher net worth customers across the South of England; and (iii) appointed representatives servicing customers in their local communities.

J.P. Morgan is acting as financial adviser to Quilter and Intrinsic in relation to the offer.

The Ashurst team is being led by partner Tom Mercer (picture) assisted by associate Harry Thimont.

Involved fees earner: Tom Mercer – Ashurst; Harry Thimont – Ashurst;

Law Firms: Ashurst;

Clients: JP Morgan;