Rix & Kay completes restructure of independent financial planning business
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The deal facilitates co-founder, Sarah Lawler, taking sole ultimate beneficial ownership of the company, acquiring co-founder Colin Davis’ shareholding in LawlerDavis Independent Financial Planners Limited.
Kathryn Paisley, Head of Rix & Kay’s corporate team, led the deal and was supported by colleague Daniel Halls, corporate solicitor. The deal involved both Colin Davis and Sarah Lawler selling the entire issued share capital of LawlerDavis Independent Financial Planners Limited to LawlerDavis Holdco Limited, a company set up by Sarah for the purpose of acquiring sole ownership. The deal involved a share-for-share exchange, internal share transfers and required FCA approval.
Sarah Lawler commented,
“I’m delighted to get the deal over the line and would like to thank Kathryn and the Rix & Kay team for their unwavering support – they have been brilliant from start to finish. I’m hugely excited about taking the business forward. Our clients have told us that they value the personal level of service we offer, together with our experience and technical knowledge of portfolio management. This will remain central to our ethos going forward”.
Kathryn Paisley commented,
“It’s been a pleasure working alongside Sarah and her team of advisors. Together, we set out a roadmap of what the parties wanted to achieve and delivered a result that will allow Sarah to continue to grow this highly-respected local business and Colin to enjoy his well-deserved retirement over time. We’re proud of how we collaborate with our clients to deliver commercial success – not just transactional legal advice”.
LawlerDavis Independent Financial Planners Ltd was originally set up by Sarah Lawler and Colin Davis, with the vision to bring back a personal service to financial planning. Based in Eastbourne, LawlerDavis offers a bespoke financial planning experience using the ethos ‘Personal Professional Planning’.
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