CogitalGroup, the international business services group focused on entrepreneurial and private businesses, and its London division, Blick Rothenberg, is to acquire US focused firm Westleton Drake.
Westleton Drake is a specialist private client tax practice, focusing on advising high net worth US families, executives and entrepreneurial business.
John Connolly, CogitalGroup's executive chairman, commented: “I am delighted to welcome our new colleagues into our group. Westleton Drake’s client base complements Blick Rothenberg’s services to global private clients as well as individuals working abroad on a temporary basis. The acquisition builds on Blick Rothenberg’s ability to support US businesses and their employees expanding into the UK and beyond, which is a core historic strength of Blick Rothenberg.
"This acquisition is part of Blick Rothenberg’s growth and acquisition strategy and is another step forward for CogitalGroup and its plans to build a technology driven, international advisory business and strengthens the group’s presence in the entrepreneurial business sector.”
Nilesh Shah, chief executive of Blick Rothenberg, added: “We are delighted to have acquired Westleton Drake. They have an outstanding reputation in their field and are a perfect fit. It is another step in our ambition to build a high quality business focusing on domestic and international entrepreneurial businesses and their owners.”
Daniel Hyde, founder of Westleton Drake, further commented: “We have worked hard to develop our practice reputation and in the CogitalGroup and Blick Rothenberg we have found a company with a shared culture of providing a first class client led experience. I am in no doubt that our combined strength will allow us to continue to improve and diversify the quality and range of the advice we provide to new and existing clients.”
|RATE THIS ARTICLE|
THIS WEEK'S TOP STORIES
PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.