Progeny announces plans to acquire Carbon Financial Partners as part of expansion strategy
The proposed deal will add £600m to Progeny’s assets under management.
Carbon Financial Partners has a team of 45 staff across offices in Edinburgh, Glasgow, Aberdeen and Perth.
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Hide AdGordon 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’s CEO, Neil Moles, said: “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.