Osborne Clarke advises Octopus Money on its agreement to acquire Virgin Money's investment business
Published on 8th August 2025
International legal practice Osborne Clarke has advised Octopus Money on its strategic acquisition of Virgin Money's investment arm.
The acquisition, which is subject to FCA approval, will add 150,000 customers to Octopus Money’s rapidly expanding business and will bolster Octopus Money's standing as the sole UK direct-to-consumer investment platform that merges digital investment access with personalised, human-led financial planning. Following the deal Virgin Money's investments customers will continue to be supported by their existing teams, with no changes to their service.
The Osborne Clarke team that advised Octopus Money on the transaction was led by Legal Director James Mackay, with support from Senior Associate, Andrew Massey and Associate, John Annan. The broader multidisciplinary team comprised Jonny Squires and Anna Reynolds (tax), Chris Ratcliffe and Chris Hickey (financial regulation) and Nick Haywood and Leila Ghannam (employment).
We are delighted to have supported Octopus Money throughout the life-cycle of this deal with Virgin Money's investment business. We look forward to witnessing the continued growth of the direct investment platform.
The Osborne Clarke team was our go-to choice for our acquisition of Virgin Money Investments. James, Andrew, John and the wider team were able to offer us invaluable guidance throughout and most importantly help us move at the pace we wanted to. We look forward to working with them on the next opportunity.
Osborne Clarke's Corporate team is considered a go-to practice for many companies in the financial services sector, working with clients ranging from global businesses to fast-growth start-ups and market challengers. The team provides advice at every stage of company development across all corporate issues, including equity and debt fundraisings, M&A, IPOs, JVs and corporate reorganisations.
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