STM acquires Berkeley Burke SSAS and international businesses in £3m deal
The acquisition, which is not subject to regulatory approval, will be for a maximum consideration of £2.9m, comprises of £1.4m initial consideration and a further £1.5m of contingent deferred consideration.
STM Group has acquired failed self-invested personal pension (SIPP) provider Berkeley Burke’s small self-administered (SSAS) scheme and its international pension businesses in a deal worth almost £3m.
According to a note on the Stock Exchange published today (August 11), STM has bought 100% of the share capital of Berkeley Burke and Berkeley Burke Employee Benefit Consultants. All of the acquired...
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