Pollen Street Capital Limited signed an agreement to acquire Mattioli Woods plc (AIM:MTW) from William Nixon, William Kennedy, Nathan Imlach and other shareholders for £432 million on March 8, 2024. The offer price is £8.04 in cash for 53.68 million Mattioli Woods Shares in issue. The Consideration payable by Pollen Street Capital under the terms of the Acquisition will be funded from (i) equity to be invested by the PSC Funds and (ii) debt to be provided under the Interim Facilities Agreement.

The acquisition is subject to the conditions including receipt of regulatory approval from the FCA, Mattioli Woods Shareholders approval, court approval, and UK CMA approval. Slaughter and May is acting as legal adviser to Pollen Street Capital. Walker Morris LLP is acting as legal adviser to Mattioli Woods.

Fenchurch Advisory Partners LLP acted as financial advisor and also acted as financial fairness opinion provider to Mattioli Woods plc. N.M. Rothschild & Sons Limited acted as financial advisor to Pollen Street Capital Limited. Canaccord Genuity Hawkpoint Limited acted as financial advisor to Mattioli Woods plc.

Link Market Services Limited acting as register to the Mattioli Woods plc.