The Reading office of Gateley Legal has advised financial risk advisory firm, JCRA Group, on its sale to global financial risk management enterprise Chatham Financial.
JCRA and Chatham specialise in providing debt and derivatives solutions to clients across a range of sectors, including commercial real estate, private equity, infrastructure, corporates, and financial institutions.
Collectively each year, JCRA and Chatham serve over 3,000 clients and advise on more than 20,000 transactions, estimated at more than $700 billion notional.
The sale of JCRA will significantly develop the combined firm’s presence in Europe and will strengthen its pre-eminent position in the global hedging and financial risk space. Together, JCRA and Chatham will continue to expand their position as the leading industry experts providing their clients with the data, tools, and advice they need to manage financial risk.
Sarah Souter, a senior associate for Gateley Legal’s Corporate team in Reading, led on the deal. She was supported by Birmingham-based partner and head of the Corporate team, Tom Durrant, and Corporate solicitor in Reading, Laurel Knight.
Sarah Souter commented: “We’re delighted to complete this deal for the shareholders of JCRA, having had a long-standing relationship with the business since acting for Connection Capital on the management buyout of JCRA in August 2017. We look forward to seeing the business go from strength to strength following this acquisition.”
Jackie Bowie, chief executive officer of JCRA, said: “We’re enthusiastic about the future. The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.
“The team at Gateley Legal have been excellent in guiding us through this process and providing cultivated advice. We are grateful for their support and very excited for this new chapter.”