Multi-disciplinary professional services firm, Progeny, is set to acquire Chartered financial advice firm, Carbon Financial Partners.
The deal will add £600m to Leeds-based Progeny’s assets under management.
Carbon Financial Partners are a firm of Chartered financial planners, with a team of 45 staff across offices in Edinburgh, Glasgow, Aberdeen and Perth.
They offer a personal service to clients with complex financial needs, business leaders and those approaching important life transitions, with a focus on making a meaningful impact on their lives.
Gordon Wilson, Managing Director, Carbon Financial Partners, said: “Progeny share our investment philosophy and our values. It was critical for the team that we found the right fit for our clients and we have achieved that.
“Combining with Progeny will help us to take our service and advice offering to new levels.”
Progeny CEO, Neil Moles, said: “We are highly purposeful in our approach to selecting the businesses we bring into Progeny.
“We apply a set of strict criteria, with a laser focus on high quality firms that add a great deal of value.
“Welcoming Carbon Financial Partners to Progeny will enable us to consolidate and strengthen our existing presence in Scotland and I look forward to what we can achieve together for our clients.”
A team from global law firm Squire Patton Boggs acted as legal adviser to Progeny during the deal.
