The combined business will have over 50 experienced professionals, serving in excess of 350 clients globally.
Pinnacle’s Managing Director, James Wetherall, will be joining the existing Affinity leadership team – David Stearn, Ben Stott, Justin Thomas, Russell Waite and Julia Warrander – as an Affinity Group Director.
Walkers was lead adviser for Affinity on all Jersey law aspects of corporate, banking, regulatory and employment matters, while KPMG & BDO acted as advisors on financial and tax matters.
Ogier acted as advisers to Pinnacle.
“Despite the challenges of the COVID-19 pandemic, we are proud to have completed this deal,” Mr Stearn, Affinity’s Chief Executive, commented.
“We are confident the transaction is a win-win for our firms, clients, staff and other key stakeholders. Having established Affinity in 2011, in the midst of the European crisis and the shadow of the 2008/09 Great Recession, we have first-hand experience in successfully navigating challenging environments.”
Mr Wetherall added: “In choosing a suitable business to partner with, it was important that there was a strong alignment of culture and values and we sought a firm that would focus on retaining our high service standards, as well as taking good care of staff. All Pinnacle directors and employees will be joining the combined group.”