14th April, 2022
In a significant deal for the local financial services sector MHA MacIntyre Hudson have taken a majority stake in long established Northamptonshire based investment managers, stockbrokers and financial advisors Caves & Sons which has been rebranded as MHA Caves Wealth from Monday 8 April 2022. You can find out more about the deal here.
A multi-disciplinary team from Howes Percival acted for the shareholders of Caves & Sons on the transaction. The team was headed by Senior Partner Gerald Couldrake with Corporate Partner Matt Thompson and Corporate Senior Associate Miles Barnes leading on different aspects of the transaction. Advice on property issues came from Director Erica Gradus.
Cave & Sons director, Andrew Cockerill said,
“This deal will be transformative for our business and we are excited to begin the next chapter in Caves’ continuing success. It preserves our independent status and gives us the support and client base of the wider MHA MacIntyre Hudson network. Having used Howes Percival as our corporate law advisors for a long time, they were our natural choice as our advisors for this important piece of work. We were delighted with the service from Gerald and his team.”
Gerald Couldrake commented,
“We are absolutely delighted for both MHA Macintyre Hudson and Cave & Sons – two businesses with deep and longstanding ties to the region coming together to provide a holistic service for their clients can only be a good thing. This deal comes on the back of a fantastic array of deals in Q1 for Howes Percival and the pipeline is looking incredibly strong as we start Q2. We look forward to continuing to support business owners in and around Northamptonshire with their M&A requirements.”
Corporate finance advice to the shareholders of Caves came from James McBain Allen at Bishopsgate Corporate Finance, and MHA MacIntyre Hudson were advised by EMW Law.
For more information on Howes Percival’s corporate advisory services click here.