Founded in 1970, Joseph R Lamb is a trusted family-run firm that provides financial advice to over 1,900 active clients.

They have been acquired by Kingswood Holdings Ltd. (trading as Kingswood), an international, fully-integrated AIM-listed wealth management group that serves over 18,000 clients from a global network of offices. The group offers a range of trusted investment solutions to their clients, who range from private individuals to some of the UK’s largest universities and institutions.

Deal summary

• Client: Joseph R Lamb Independent Financial Advisers Ltd.
• Transaction type: Corporate sale
• Services provided: Tax advice, deal structure support, due diligence collation, legal documentation drafting.
• Sector: Financial services
• Deal value: Undisclosed
• Date: February 2022

“I found the help and advice provided by Rickard Luckin in the sale of our business invaluable. Not only did their advice improve our taxation position and the monetary outcome of the deal, but their attention to detail in the negotiation of the sale contract was a genuine surprise to me. This goes to prove that in complex matters, no matter how much you think you know, you should always take professional advice. We would like to like to thank all the team at Rickard Luckin who assisted in the sale.”

Martin Lamb, Chief Executive Officer

The solution

As a long-established and proud family-run business, it was important that Joseph R Lamb was able to provide continuity of service for their existing clients and staff, throughout the sale process and into the future. As such, there were a number of clear objectives to be achieved from the sale.

Working alongside BMTK Solicitors, Rickard Luckin provided focused, specialist advice and support to Joseph R Lamb throughout the sale process, helping to facilitate a successful exit from the business, and providing a strong foundation for future growth.

Specifically, our team provided advice on taxation matters and the structure of the deal, also collating due diligence documentation, and supporting the drafting of legal documents.

The deal was structured to assist Kingswood to continue to grow the business and provide ongoing continuity in the client service proposition.