Pension Superfund Capital agrees acquisition of STM Group

£35.6m acquisition aims to deliver PSF’s DC consolidation and productive finance aims

Jasmine Urquhart
clock • 2 min read
PSF Capital has acquired international pensions firm STM Group via its acquisition company Bidco
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PSF Capital has acquired international pensions firm STM Group via its acquisition company Bidco

Pension Superfund Capital (PSF Capital) has acquired international pensions firm STM Group for £35.6m via Jambo SRC (Bidco), with the cash consideration valued at 60 pence per share.

Bidco, which was formed earlier this year for the purpose of this acquisition and is funded by PSF Capital, said the deal will help to "create a more scalable platform" for consolidation and help a...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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