Slaughter and May is advising abrdn plc on the proposed acquisition of Interactive Investor

Slaughter and May is advising abrdn plc (formerly Standard Life Aberdeen plc) on the proposed acquisition of Interactive Investor, the UK's leading subscription-based investment platform for £1.49 billion.

The acquisition aims to enhance abrdn’s presence and growth opportunities within the fast-growing wealth market and support Interactive Investor’s commitment to being the customer champion.

Stephen Bird, Chief Executive Officer of abrdn plc commented: “This is a unique opportunity and a transformative step in delivering our growth strategy. Interactive investor is the UK’s number one subscription-based investing platform with a powerful reputation as a consumer champion. abrdn’s scale, resources, and shared vision will enable interactive investor to grow confidently and expand its leadership position in the UK’s attractive savings and wealth market. I am delighted that Richard Wilson and his team will continue to lead interactive investor.”

Slaughter and May is supporting abrdn’s internal legal team, which is led by Rushad Abadan (Group General Counsel) and includes Fiona McGowan (Co-Head of Legal abrdn and Head of Legal UK) and Alison Rennie (Head of Platforms and Wealth, abrdn Legal).