Seller

Acquired by

buyer

Rickitt Mitchell advises Talbot and Muir on its acquisition by Curtis Banks

- Exit deal

- July 2020

- Value: £25m

Rickitt Mitchell ran a competitive sales process, with interest from trade and private equity buyers

Also advised on a bolt-on acquisition completed by Talbot and Muir in November 2019

Identified a buyer with the scale and strategic vision to take Talbot and Muir to the next stage of its growth journey

Client Background

Talbot and Muir is a Nottingham and Leeds based independent pensions administrator, founded by Graham Muir and Brian Talbot in 1993.

Originally specialists in small self-administered pensions (SSASs), the firm expanded its expertise to incorporate the self invested personal pensions (SIPP) product in 2000 due to demand from advisers. Working closely with intermediaries, the firm has grown its assets under administration to in excess of £3.4bn, administering over 7,000 pension schemes across the UK.

Rickitt Mitchell advises Talbot and Muir on its acquisition by Curtis Banks
Rickitt Mitchell advises Talbot and Muir on its acquisition by Curtis Banks

The Outcome

Rickitt Mitchell advised pensions administrator Talbot and Muir on its £25.25m sale to the Curtis Banks Group plc, one of the UK’s largest independent SIPP operators.

Rickitt Mitchell ran a competitive sales process, with interest from trade and private equity buyers. This ultimately led to a sale of the Company to Curtis Banks, a buyer with the scale and strategic vision to take Talbot and Muir to the next stage of its growth journey.

Founded in 2009, Curtis Banks is a specialist in both small self-administered pensions schemes (SSASs) and self invested personal pensions (SIPP), with over £29bn of assets under management. With more than 600 staff across offices in Bristol, Dundee and Ipswich, the firm has grown to become one of the UK’s largest independent SIPP operators, looking after more than 76,000 clients nationwide.

The Pensions Partnership

The transaction, which is subject to regulatory approval, will include The Pensions Partnership business, a bolt-on acquisition completed by Talbot and Muir in November 2019, which Rickitt Mitchell advised on.

“In a competitive sale process, Rickitt Mitchell played a key role in managing the transaction. This not only minimised any disruption caused by the COVID-19 pandemic, providing maximum value for shareholders, but also achieved a strong outcome in the sale to Curtis Banks, ensuring that the business passed to a good home.”

- Graham Muir | Founder | Talbot and Muir
Seller

ACQUIRED BY

buyer

Growth deal

Value: Undisclosed

June 30, 2022

Seller

Acquired by

buyer

Exit deal

Value: Undisclosed

Oct. 31, 2021

Seller

Joint Venture

buyer

Growth deal

Value: Undisclosed

Oct. 13, 2021

Seller

Acquired by

buyer

Exit deal

Value: £9m

Sept. 30, 2021