North West specialist team advises on £25.25m acquisition

Neil Mitchell

A team at Manchester-based corporate finance advisory practice, Rickitt Mitchell, has advised Nottingham-based pensions administrator Talbot and Muir on its £25.25m acquisition.

The deal was struck with Bristol-based Curtis Banks, one of the UK’s leading SIPP providers, after it announced that the pre-conditions to the acquisition, including receipt of approval from the Financial Conduct Authority, had been satisfied.

Completion of the acquisition will occur on October 30.

Will Self, Curtis Banks chief executive, said: “I am delighted that the acquisition of Talbot and Muir will complete at the end of the month.

“Our two businesses are highly compatible in terms of the culture, service offering and distribution routes and this combination reinforces our position as a leading SIPP provider in the UK whilst also being immediately earnings enhancing for the group as a whole.

“I very much welcome the Talbot and Muir team into the Curtis Banks group and I look forward to working with them to drive the future growth of the business.”

The Rickitt Mitchell team was led by partner Neil Mitchell, along with Adam Lovell and Rob Bennett.

Neil Mitchell said: “It was a pleasure working with the high calibre shareholder management team at Talbot and Muir.

“Graham, Brian and David Bonneywell have built one of the leading pension administration businesses in the UK, and this quality was highlighted by the level of interest in the company throughout the process.”

He added: “In Curtis Banks, we have found a buyer with the scale and strategic vision to take Talbot and Muir to the next stage of its growth journey, and we look forward to see the enlarged group develop over the coming years.”

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