News

Dillon Eustace acted as advisers to the owners of the independent financial services consultancy firm, Acumen & Trust on its sale to the Irish Life Group.

The acquisition, which is subject to regulatory approval and is expected to close in the first quarter of 2020, will be made by Irish Life through its independent intermediary subsidiary, Invesco Limited. Following completion of the transaction, Acumen & Trust will continue to operate as an independent firm, under its existing brand and will continue with the same senior leadership team.

The Dillon Eustace team was led by Lorcan Tiernan, Partner and Head of Corporate M&A with support from Philip Lea, Senior Associate and with regulatory advice from Andrew Bates, Partner and Head of Financial Services.

Commenting on the deal, Lorcan Tiernan, Partner and Head of Corporate M&A, said: “We were delighted to have advised on the sale of Acumen & Trust and this deal marks another significant corporate transaction in the financial sector on which the Corporate department has advised in the past year.”