On June 20, 2019, Brown, Shipley & Co. Limited announced that it had entered into an agreement to acquire NW Brown & Company Limited.
Pursuant to the agreement Brown, Shipley & Co. Limited (“Brown Shipley”) will acquire NW Brown & Company Limited (“NW Brown”) to add further scale and increase regional opportunities. NW Brown will be joining Brown Shipley’s six existing offices and will be fully integrated in 2020. The deal is subject to regulatory approval and is expected to close during the third quarter of 2019. Further terms of the deal were not disclosed.
Brown Shipley, headquartered in London, is a private bank offering wealth planning, investment management, and lending services. This transaction will increase Brown Shipley’s AUM to almost £9 billion.
NW Brown is a UK-based private wealth management firm with offices in Cambridge and Norwich. NW Brown had approximately £950 million in assets under management as of September 2018.
To read the press release: please click here.