Intermediate Capital Group and Punter Southall Group merge 20-20 Trustees and Punter Southall Governance Services to create Vidett

Craven Street Capital (“CSC”) is proud to have advised Intermediate Capital Group (“ICG”), Punter Southall Group (“PSG”) and management on the merger of 20-20 Trustees (“20-20”) and Punter Southall Governance Services (“PSGS”) to create market leading Vidett Limited (“Vidett”). Vidett is now the UK’s market leader in professional trustee and pension governance firm by number of clients. CSC acted as the sole corporate finance adviser to Vidett for this transaction.

Mark Piasecki, MD of ICG said “We are delighted to be continuing our long term partnership with Punter Southall Group to support the management of 20-20 and PSGS to create Vidett. We look forward to working with Vidett to drive further growth and expansion into new services. Thank you to CSC for its hard work and trusted advice throughout the transaction.”  

Jonathan Punter, CEO of PSG said “We founded PSGS in 1995, anticipating the increasing complexity and evolving regulatory pressures bearing down on pension schemes, and the demand for its services has grown ever since. Merging with 20-20 to create Vidett ensures this even stronger team of experienced professionals is now well placed to advise clients in a specialised, consolidating market.”

Vidett leads the pension trustee and governance market with over 120 staff, providing services to corporate pension and employee benefit schemes. Vidett supports over 475 clients with total assets over £142bn and covers more than 2.5m scheme members.

Investment from ICG and PSG, with the support of management, will allow Vidett to lead the fast growing pension trustee and governance market. Creating a business ethos of dynamic, collaborative teamwork, sharing knowledge to drive progress for clients and embracing innovation to find effective solutions to clients’ challenges.

20-20 is a leading independent trustee firm with a nationwide presence. Providing professional independent trustee and governance expertise to pension schemes of all sizes, strengths and sectors for forty years. They are members of the Pension Protection Fund’s Trustee and Support Services Panel and The Pensions Regulator’s register of Independent Trustees.

PSGS is a trusteeship and pension governance expert. Which shares its extensive knowledge and experience and find smart solutions to benefit their clients. Renamed in 2018, following the merger of PS Independent Trustees and HR Trustees, collectively having been in business for over 40 years. PSGS, like 20-20 are also a member of the Pension Protection Fund’s Trustee and Support Services Panel.