Rothschild & Co's Global Advisory business has taken over UK based Livingstone, subject to FCA approval.
The aquisition will help Rothschild & Co to expand its offering in the UK lower mid-market space for some time, following the establishment of its successful franchise in the same segment of the French market.
Robert Leitão, managing partner, Rothschild & Co said: "The acquisition of Livingstone in the UK provides a unique opportunity for us to establish a dedicated UK lower mid-market team, a segment of the market that we don't actively participate in today. We are delighted to welcome the team to Rothschild & Co."
Alex Midgen, partner and co-head of UK Global Advisory said: "This is an opportunity to materially grow an already successful UK business through access to Rothschild & Co's strong sector expertise and global reach via our network of over 50 offices in more than 40 countries. Through our platform, we will be helping Livingstone clients who are predominantly UK private and family-owned companies, entrepreneurs and private equity owned businesses in the lower mid-market segment to achieve their growth ambitions."
