London, United Kingdom – Addleshaw Goddard the international law firm has advised its client Openwork Holdings Limited, one the UK’s largest financial advice networks, on a strategic investment by Bain Capital.

The primary investment from Bain Capital will allow Openwork to capitalise on its unique market position across wealth, mortgage, and protection advice sectors.

Since its inception in 2005, Openwork has grown to a network of over 4,750 financial advisers who support client needs across the UK.  From 2018, Openwork has been 90% owned by its 1,300 Partners, which includes the principals of the network’s 860 advice firms. The remaining 10% is owned by the firm’s employees.

Graham Cross, Corporate Partner at Addleshaw Goddard commenting on the deal:

The Addleshaw Goddard team was led by partners Graham Cross, Gemma Phillips, James Greig, Tess Kelly, Peter Sayer and Natalie Hewitt.