Jersey-based wealth and asset manager Team plc is in discussions with WH Ireland regarding a possible offer for the entire issued and to be issued share capital of the firm.

WH Ireland had previously accepted a £1m offer for its wealth management business from Oberon Investments, although this was subsequently rejected by its shareholders.

The board of WH Ireland confirmed it had received an indicative, non-binding proposal from Team relating to an all-share offer for the entire issued and to be issued share capital of the firm at exchange ratio of 0.195 Team shares per WH Ireland share.

It is evaluating the possible offer with its financial and legal advisers, and will make a further announcement “as and when appropriate”.

Team is required to announce its firm intention to either make an offer or not make an offer for WH Ireland by 5pm on 11 December 2025.

The firms noted that there can be no certainty that an offer will be made or what the terms of any offer would be.

Shore Capital is acting as financial adviser to WH Ireland, while Zeus Capital is acting as nominated adviser and broker.

H&P Advisory is acting as financial adviser to Team and Strand Hanson is the firm’s nominated adviser and broker.

In September 2025, WH Ireland had agreed to sell its wealth management business to Oberon Investments for £1m, and announced plans to wind up by way of liquidation and delist from the Alternative Investment Market if the deal was completed.

However, at its general meeting on 9 October 2025, shareholders overwhelmingly rejected the planned acquisition by Oberon Investments, with 95.63 per cent of votes against the resolution.

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