Commercial law firm Hill Dickinson has advised the wealth and investment manager, Seven Investment Management (7IM), in connection with the firm’s acquisition of Rockhold Asset Management in a deal that expands its investment proposition.
The acquisition, which is subject to regulatory approval, will take 7IM’s assets under management to around £27 billion.
Rockhold Asset Management was launched in 2022 by business advisory service ASHL Group and now manages around £2 billion of clients’ assets.
It offers a managed portfolio service, multi-manager funds and a full bespoke discretionary management service to clients of the advisory firms operating within the Group’s Sense and Lyncombe networks, which it will continue to serve.
Corporate partner Sean Lightfoot, legal director Harriet Adgie and associate James McCarthy advised 7IM on the legal due diligence and a number of wider transactional matters related to the deal, assisted by Hill Dickinson’s various specialist teams including Darren Hamer, Jon Pearson-Basudev and Natasha Bradley (Property), Richard Kay and Rubena Rahman (Employment) and Patrick Reade and Jodie Wootton (Commercial).
Commenting on the deal, Sean Lightfoot said: “We were pleased to provide legal advice and guidance to 7IM in connection with its acquisition of Rockhold Asset Management. It is a deal that will see both parties benefit from an enhanced investment services capability and a broader funds infrastructure, and we wish them every success moving forward.”
Rockhold will continue operating under its current brand and leadership within 7IM, while benefiting from access to 7IM’s award-winning platform and market-leading solutions.
