Bond Dickinson has advised the shareholders of Allenbridge, the investment advisory business, on the sale of the business to MJ Hudson the specialist law and asset management services firm.
Allenbridge works with pension funds and other institutional investors on a range of issues including asset allocation, manager selection and investment governance. It works with more than 40 institutions with over £120bn under management.
MJ Hudson also acquired at the same time the outsourced fund management provider Tower Gate Capital.
MJ Hudson was founded in 2010 by former SJ Berwin partner Matthew Hudson. The firm was launched to take advantage of the Legal Services Act, which allowed firms to operate in a partnership culture within a modern corporate structure. The act aimed to allow firms to retain earnings, pay dividends and attract external capital from clients and other backers.
Bond Dickinson LLP has advised the shareholders of Allenbridge on the deal with a team led by Leon Miller, Managing Associate, who provided corporate advice, and Ronan Lowney, Managing Associate.
Law Firms: Bond Dickinson;