Rothschild & Co’s global advisory business will acquire Livingstone in the UK, subject to FCA approval.

Established in 1976, Livingstone provides M&A, debt and special situations advice to privately owned companies in the UK lower mid-market segment. The team now has 34 bankers.

After establishing a successful franchise in the same segment of the French market, Rothschild & Co has been considering broadening its offering in the UK lower mid-market space for some time, it said in a statement.

Alex Midgen, partner and co-head of UK Global Advisory, described the acquisition as an “opportunity to ...