Mattioli Woods completes Ludlow acquisition after short delay

clock • 1 min read
The acquisition completed after a short delay

The acquisition completed after a short delay

Mattioli Woods has completed the acquisition of Ludlow Wealth Management, subject to regulatory approval, after extending the long stop date of the share price agreement by a month on 1 September.

The firm's acquisition of LWMG Topco, the holding company of financial advice firm Ludlow Wealth Management, was delayed by up to a month after the share purchase agreement (SPA) was extended last week. In order to facilitate the completion of the acquisition, Mattioli Woods entered into an amendment agreement to the share price agreement to extend the long stop date from 31 August 2021 to 30 September 2021. The extension followed receipt of the Financial Conduct Authority's approval of the change of control of LWMG Topco Limited on 31 August, a requirement to the completion of the ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Wealth managers

Index providers have become “increasingly influential”.

SEC considering treating index providers as investment advisers

No longer 'data providers'

Elliot Gulliver-Needham
clock 17 June 2022 • 1 min read
Neil Woodford

Leigh Day and Harcus Parker merge Woodford claims for 'unified front' against Link

Heads to court in October

James Baxter-Derrington
clock 15 June 2022 • 2 min read
Credit Suisse headquarters

Credit Suisse put on FCA watchlist - reports

Follows a series of scandals

Melanie Boulton
clock 13 June 2022 • 2 min read