Wednesday, August 10, 2022

Significant private equity investment into My Pension Expert completed following FCA approval

A significant private equity investment from Palatine Private Equity into My Pension Expert has been completed following approval from the Financial Conduct Authority (FCA).

The injection of capital will accelerate My Pension Expert’s growth plans as it aims to ensure people of all wealth brackets can receive independent financial advice and achieve their desired retirement outcomes.

Andrew Megson, executive chairman at Doncaster-based My Pension Expert, said: “We are delighted to conclude the investment by Palatine. It will enable My Pension Expert to further build on its success over recent years and fast-track our growth as we deliver much-needed independent financial advice to people across the UK. I believe this is fundamental to improving people’s financial security in their retirement.

“Palatine is the perfect partner to support this growth, and their strong Environmental, Social, and Governance credentials were a key factor in the decision to work with them. All the team at My Pension Expert are incredibly excited about building a fantastic future helping people to achieve their goals in retirement.”

Kieran Lawton, senior investment director at Palatine, added: “The My Pension Expert team have done an outstanding job to date, and we are very much looking forward to working alongside them to help the company grow quickly and reach its potential.

“The need for services and support like that provided by My Pension Expert has never been more important. Our focus will be on supporting Andrew and the team through value enhancement initiatives across digital, technology, people, and sustainability in order to help them continue to build a highly trusted and fast-growing pensions advisory business.”

My Pension Expert was advised by Park Palace Corporate Finance, Addleshaw Goddard, and BDO. Palatine was advised by Gateley Legal, Kroll, and RSM.

As part of the investment, My Money Expert also completed a debt refinancing with Beechbrook Capital. The new package from Beechbrook includes potential for additional funds to be made available to the business to facilitate further expansion in the future.

Beechbrook were advised by Pinsent Masons and My Pension Expert by Gateley Legal.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.