Team to buy WH Ireland in PS13 million all-share deal

Team PLC on Thursday announced it will buy WH Ireland Group PLC, expected to become effective in the first quarter of 2026.

Team is a Jersey-based wealth, asset management and complementary financial services company, while WH Ireland is a London-based wealth-management firm.

Team has agreed to acquire WH Ireland in a £12.7 million all-share deal. WH Ireland shareholders will receive 0.195 of a new Team share as part of the deal. Earlier in November, the two wealth managers confirmed Team had approached WH Ireland about a possible all-share takeover offer.

WH Ireland shares surged 39% to 4.18 pence each on Thursday morning in London, giving it a market capitalisation of £9.9 million. Team shares were up 5.4% to 28.98p each.

WH Ireland Chair Simon Moore said: ‘We believe that the all-share proposal represents a better outcome for shareholders and clients than an outright sale of the wealth management division, as had been previously envisaged, and as now evidenced by the strong level of support announced today.’ Team’s offer has received the support of 61% of WH Ireland shareholders so far.

Team Executive Chair Mark Clubb said: ‘This transaction isn’t about handing over control - it’s about elevating it. We are inviting WH Ireland’s shareholders to join us not as sellers, but as strategic partners in a stronger, scalable platform. Together, we preserve what has been built, unlock liquidity, and create a future with scale, influence, and real growth. This is about moving from defence to opportunity - and winning as owners.’

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