TEAM to acquire Hedley & Company Stockbrokers for £3m
AI Market Summary
TEAM plans to acquire Lancashire-based Hedley & Company for £3m via cash and new TEAM shares, adding ~£383m of client assets (including ~£173m FUM) and strengthening UK North West distribution. The transaction's completion and deferred consideration are contingent on regulatory approval and conditions, limiting immediate market read-through. Overall, the deal signals incremental consolidation in UK wealth management with modest near-term broader market relevance.
Impact level
● Low
Affected assets
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● Neutral
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Wealth manager TEAM will acquire Hedley & Company Stockbrokers Limited for total consideration of £3m, to be paid in cash and TEAM shares. The deal comprises £1.5m payable at completion and £1.5m in deferred consideration. Lancashire-based Hedley & Co has around £383m in assets, including roughly £173m in funds under management. The transaction is subject to regulatory approval.
