On March 31, 2022, the Royal Bank of Canada (RBC) agreed to purchase Brewin Dolphin Holdings PLC, a wealth management firm based in the UK, for an offer price of 515 pence per share. This deal indicated an equity value of around $2.6 billion. Norton Rose Fulbright served as the legal advisor to RBC, with RBC Capital Markets acting as the financial advisor. Doug Guzman, Group Head of RBC Wealth Management, expressed that the acquisition was strategic for RBC's expansion in the UK, forecasting a significant transformation in their wealth management segment and a leap to the #3 position in market rankings within the UK and Ireland. He highlighted the complementary nature of the two businesses and the intent to enhance service depth, envisioning a combined entity poised as a top-tier integrated wealth management provider for both private and institutional clients. The management teams were united by a shared vision of exceptional client service and growth prospects. Robin Beer, CEO of Brewin Dolphin, endorsed the acquisition, stating it aligned with shareholder, client, employee, and business partner interests. He underscored the merger's potential to build upon Brewin Dolphin's organic growth and create a robust platform for future expansion. Beer anticipated enhanced client offerings and broader distribution due to RBC's global reach, citing shared values focused on enduring client relationships and a supportive culture. The emphasis was on maintaining continuity to capitalize on existing achievements, with an aim to further elevate their status as a leading digital wealth manager.