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Clarke Willmott guides Carbon Financial Partners' sale to Progeny

Clarke Willmott guides Carbon Financial Partners' sale to Progeny


Clarke Willmott LLP has played a pivotal role in the sale of Carbon Financial Partners, a chartered financial advice firm, to the multi-disciplinary professional services firm Progeny

Carbon Financial Partners, with offices in Edinburgh, Glasgow, Aberdeen, and Perth, was represented by Clarke Willmott in the deal. The acquisition, recently approved by the Financial Conduct Authority (FCA), will contribute £600 million to Progeny's assets under management, based in Leeds.

Leading the transaction was Clarke Willmott corporate partner Ed Foulkes, supported by partners Louise Rogers and Rob Ridd, senior associate Matthew Dootson, and trainee solicitor Chloe Santiago.

Ed Foulkes expressed pride in assisting Carbon Financial Partners, serving clients with intricate financial needs, business leaders, and individuals undergoing significant life transitions. He highlighted that the acquisition would bolster Progeny's presence in Scotland, fostering growth and expanding service offerings.

Gordon Wilson, Managing Director of Carbon Financial Partners, emphasized the alignment of Progeny's investment philosophy and values with their own. Wilson stressed the importance of finding the right fit for their clients and achieving that goal with Progeny. The collaboration is expected to elevate service and advice offerings to new heights.

In addition to Clarke Willmott, Carbon Financial Partners received advice from John Chapman of Orion Consulting Group, Bruce Walker and Chris Hylands of HNH on corporate finance, and John Fowlie of Robertson Craig on tax. Progeny was legally advised by Squire Patton Boggs.

Clarke Willmott's involvement extends beyond this transaction, as they previously advised RU Group and Balmoral Asset Management on their acquisitions by Progeny earlier in the year. The firm's corporate team has been active in over 100 transactions within the financial advisory space over the past five years.