The Corporate team at Wragge Lawrence Graham & Co (WLG) is acting for FTSE 100 client Aberdeen Asset Management PLC (Aberdeen) in connection with its acquisition of London-based investment manager Advance Emerging Capital Limited (AEC).

Aberdeen is a global investment management group, managing assets worth more than £300 billion for both institutional retail clients from offices around the world.

AEC, which specialises in emerging and frontier markets, has assets of £409 million under management. Its team will join Aberdeen's offices in London.

The WLG team was led by corporate partners Nick Heather and Elliot Weston.

Nick said: "We are pleased to have been instructed by Aberdeen in connection with this transaction which will bring to Aberdeen a dedicated and highly experienced fund management team and add to the range of alternative investment capabilities that Aberdeen has to offer."

WLG's 60-strong Corporate team has extensive experience across the full spectrum of corporate advice, including equity capital markets on both the Official List and AIM, investment funds, private equity and both public and private mergers and acquisitions.