777 Partners and MTCP LLC agreed to acquire remaining 76.8% stake in Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) for approximately £370 million on April 1, 2022. Under the terms, 777 Partners and MTCP LLC will acquire remaining stake in Randall & Quilter for £175 pence in cash for each R&Q Share. 777 Partners and MTCP LLC also provides $100 million of new equity funding (in newly issued exchangeable preferred securities of a subsidiary of R&Q).

777 Partners and MTCP LLC and its affiliates currently have a 23.2% stake in R&Q. 777 Partners and MTCP LLC does not currently intend to make any material changes to the continued employment. The Implementation Agreement sets out the proposed arrangements pursuant to which 50% of the after-tax proceeds received by certain of the R&Q senior management team (the "Managers") from the Acquisition will be reinvested by the Managers into equity interests of R&Q. Transaction is subject to approval of regulatory clearance and Randall & Quilter shareholders approval in shareholders meeting scheduled on May 20, 2022. As of May 25, 2022, Randall & Quilter shareholders rejected the transaction.

Termination fee payable by Randall & Quilter to 777 Partners and MTCP LLC is $12.5 million (£9.5 million) and vice versa. Deal is expected to close in April 2023. Nishant Amin and Milan Solanki of Barclays Bank PLC acted as financial advisor to Randall & Quilter.

Charles Farquhar, Giles Rolls and Stuart Ord of Numis Securities Limited acted as financial advisor to Randall & Quilter. Andrew Beecroft and Ed Hochberg of GC Securities acted as financial advisor to 777 Partners and MTCP LLC. Stephen Hamilton and Frances Churchard of Mills & Reeve LLP acted as legal advisor to the company in the transaction.