Hatstone Lawyers advise Team PLC
Hatstone Lawyers advised Team PLC (“TEAM”), the AIM listed wealth, asset management and complementary financial services group, in connection with the acquisition of the entire issued share capital of Omega Financial Services (Jersey) Limited (“Omega”), subject to final approval from the Jersey Financial Services Commission.
Omega is a Jersey-based IFA, specialising in retirement planning, mortgage advice, life assurance and bespoke investment advisory services. TEAM was established to become a leading wealth and asset management business via (among other things) acquiring wealth management businesses which add to the scale and breadth of services provided to clients, and Omega is seen as a natural partner with TEAM for investment management services and an ideal entry point into the advice space in Jersey for TEAM.
Group Partner Simon Vivian led the Hatstone team, assisted by Stefan Schausberger and Stephen Wauchope.
“Hatstone was delighted to act for TEAM in connection with the acquisition of Omega, which represents the next exciting step on TEAM’s journey to become a leading wealth and asset management business. We look forward to advising TEAM further as they progress with their plans to achieve this.”
Matthew Moore, COO and CFO of TEAM, commented:
“We very much enjoyed working with Simon and the team at Hatstone. Their responsiveness and attention to detail was exemplary, and we look forward to working with Hatstone again as TEAM further develops.”