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ARTICLE · 02 SEPTEMBER 2022

Weightmans Advises STM Group PLC On Acquisition

Weightmans LLP
Weightmans LLP
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Weightmans LLP

Weightmans LLP

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A corporate team from national law firm Weightmans has advised the AIM-listed multi-jurisdictional financial services group, STM Group PLC (STM), on its acquisition...

United KingdomEmployment and HR

The acquisition was made for a fixed consideration of £3.34 million.

A corporate team from national law firm Weightmans has advised the AIM-listed multi-jurisdictional financial services group, STM Group PLC (STM), on its acquisition from Mercer Limited (Mercer) of Premier Pensions, Mercer's UK pensions services business for SIPP and SSAS pension schemes.

The acquisition, which completed on 31 August 2022, involved STM buying the portfolio, net assets and trustee companies of Mercer's UK Self-Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS) business, operating under the Premier Pensions brand.

STM sees the Premier Pensions portfolio as complementary to its existing product offerings in the UK SIPP and SSAS market, adding some 2,100 SIPPs and 700 SSASs to its UK portfolio, which is expected to double the revenue generated from STM's "Options" UK personal pensions business, and provide a platform for scalability and efficiencies going

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