Norton Rose Fulbright has advised Jupiter Fund Management plc in relation to an agreement to sell its Private Client & Charities operations to Rathbone Investment Management Limited, a subsidiary of Rathbone Brothers Plc, for a consideration of £43m, assuming all the £2.1bn of in-scope client assets transfer to Rathbones.

The consideration will be received in cash and is subject to a minimum of £32m. The transaction is expected to complete towards the end of the third quarter of 2014.

The Norton Rose Fulbright team was led by corporate, M&A and securities partner Simon Sackman, assisted by Myrto Gouti. Employment advice was provided by partner Catrina Smith. Advice on employee incentive arrangements was provided by partner Monique Fry assisted by Louise Dent. Partner Dominic Stuttaford advised on tax and partner Peter Snowdon advised on regulatory aspects.