On 29 May 2024, My Pension Expert announced the completion of the purchase of Tenet’s national advice arm, Tenet&You. My Pension Expert engaged Thistle Initiatives' Mergers and Acquisitions team to assess Tenet&You’s compliance with FCA regulatory requirements as part of its due diligence process.
The acquisition, for an undisclosed sum, takes Doncaster-based My Pension Expert’s assets under advice to £1bn.
Andrew Megson, CEO of My Pension Expert, said the deal signalled the firm’s ambition to grow further in the advice market. “This marks our first acquisition, and we look forward to continuing our growth and strengthening our offering in the years to come,” he said.
“Adam Campbell, Alex Paschalis, and the entire Mergers and Acquisitions team at Thistle Initiatives were instrumental in this acquisition, showcasing their vast knowledge and expertise in compliance throughout the acquisition process.” – Andrew Megson, CEO, My Pension Expert
Alex Paschalis, Investments Director at Thistle Initiatives, commended the My Pension Expert team on this successful acquisition. “I’d like to congratulate the My Pension Expert team on their recent acquisition. It has been a pleasure collaborating on this project, and we look forward to continuing our partnership in the future.”
Thistle Initiatives offers Acquisition Due Diligence and Change in Control services. For enquiries, you can contact us by calling 0207 436 0630 or emailing info@thistleinitiatives.co.uk.