International law firm Addleshaw Goddard has advised AJ Bell on the sale of its Platinum SIPP and SSAS business to InvestAcc Group for £25 million.  

The deal price consists of £18.5m upon completion, made up of £17.5m in cash and £1m in new InvestAcc shares, and £6.5m of deferred consideration in cash, subject to certain conditions. The transaction is expected to complete in the second half of 2025.

AJ Bell Platinum has 3,600 customers with £3.2 billion of assets under administration which will transfer to InvestAcc on completion.

The Addleshaw Goddard team advising on the sale was led by partner Mark Hallam who heads up Financial Services M&A for the firm, and included Roger Hart, Edward Ainscoe, Aidan Barry, Charlotte Bontoft, Ozayr Makda and James Sherwin.