STM Group plc has been acquired by Pension SuperFund Capital
October 2024 — Pension SuperFund Capital, which oversees UK commercial pension consolidator Pension SuperFund, has acquired STM Group plc. The deal is aligned with Pension SuperFund Capital’s wider market aim to provide a comprehensive solution for pension savers and sponsors worldwide, as well as improve pension outcomes. The purchase was made through the Pension Superfund Capital acquisition arm, Bidco, which was formed in 2023 for the purpose of this transaction.
STM Group is a multi-jurisdictional financial services organization, which is part of the Global Pension Corporation. It specializes in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring. The company has operations in the UK, Gibraltar, Malta, Australia and Spain. STM Group has developed a range of pension products for UK nationals and internationally domiciled clients. It has two Gibraltar life assurance companies which provide life insurance bonds and annuities — wrappers in which a variety of investments, including investment funds, can be held.
The Pension SuperFund Capital is the UK’s first pension ‘superfund’ specializing in consolidating, securing and servicing UK defined benefit pension assets and liabilities. It offers a solution for those employers who need a more affordable way to fulfill their pension promises, while also providing improved security and benefits for their pension scheme members.
Our role in the transaction
Oaklins Cavendish, one of Oaklins’ member firms in the UK, advised STM Group in relation to its cash offer from Pension Superfund Capital via Jambo SRC (Bidco), and the associated management buy-out (MBO) of STM Group’s self-invested personal pension (SIPPs) business.
Talk to the deal team
Related deals
WestBridge has made a majority investment in Beckett Investment Management
WestBridge Fund Managers Limited has agreed to make a majority investment in Beckett Investment Management Group, a leading financial planning business in the east of England. The transaction is the fifth investment from WestBridge III and is subject to regulatory approval by the Financial Conduct Authority (FCA).
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn more