Mar 2025
Conyers has advised InvestAcc Group Limited, a leading UK specialist pension administrator, in connection with its acquisition of AJ Bell’s Platinum SIPP and SSAS business.
The acquisition of the AJ Bell Platinum SIPP and SSAS business, which consists of 3,562 schemes with £3.2 billion in assets under administration (AuA) and a high-net-worth client base reflected through an average SIPP account size of approximately £670,000 brings InvestAcc Group’s total AuA to over £8.5 billion across 16,000 SIPP and SSAS accounts. The Platinum SIPP and SSAS business provides bespoke, high-quality pensions expertise and SIPP and SSAS administration to the high net worth segment.
The transaction is expected to complete in the second half of 2025 following the extraction, migration and integration of the Platinum SIPP and SSAS clients onto InvestAcc’s platform with a maximum consideration of £25 million.
Partner Rachael Pape of Conyers’ BVI office advised on the transaction, working alongside Travers Smith LLP. Read more here.