The transactions, which announced on 1st April 2014, are: (1) The acquisition of £0.7 billion funds under management of the private client wealth management business of Tilney Investment Management Limited, a subsidiary of Deutsche Bank; (2) The acquisition of £2.1 billion funds under management of Jupiter Asset Management Limited's private client and charity investment management business; and (3) The £24.4 million share placing with existing institutional investors.

Charles Penney corporate at Addleshaw Goddard, commented: "These transactions highlight the trend towards increased consolidation in the wealth management sector. We are delighted to have helped deliver these deals for Rathbones and that the market reaction to them has been so positive."

The Addleshaw Goddard team was led by corporate partner Charles Penney and included managing associates Nathan Pearce, Simon Wood and Anna Cosgrave, together with Michael Leftley and Annabel Mackay (Employment) and David Ellis (Financial Regulation).