£153m Merger of Punter Southall Holdings Ltd and Xafinity plc

Craven Street Capital advised Punter Southall Group (“PSG”) on the merger of its actuarial consulting, pensions administration and investment consulting businesses with Xafinity plc. The merger was conducted along with the simultaneous acquisition by PSG of HR Trustees from Xafinity.

– Creation of the largest “pure-play” pensions consultancy firm in the UK and an alternative to the Big Three in the pensions consultancy sector

– Creation of a clear independent trustee market leader in the UK

– Complex deal structure which included simultaneous acquisition and disposal along-side a debt raise and placement and open offer