£25.25m sale of Talbot and Muir to Curtis Banks gets the green light

Curtis Banks, one of the UK’s leading SIPP providers, has announced that the pre-conditions to the acquisition of Talbot and Muir Limited (“Talbot and Muir”), including receipt of approval from the Financial Conduct Authority, have been satisfied. Completion of the acquisition will occur on 30 October 2020.

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

“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.”

Will Self, CEO of Curtis Banks, 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.”