Freshfields Bruckhaus Deringer and Macfarlanes are advising on the merger between wealth management firm Tilney and professional services group Smith & Williamson, with the expected value of the new combined business to hit about £1.8 billion, according to the companies.
The transaction will see Smith & Williamson shareholders receive a consideration valued at £625 million. According to a statement by the companies, the merger will create a group with more than £45 billion assets under management and about £500 million of revenues.
