LSL to acquire TenetLime from Tenet Group for £12.9m.

LSL, a provider of services to mortgage intermediaries and estate agent franchisees, agreed to acquire TenetLime, a network providing services to mortgage and protection advisers, from Tenet Group, UK's largest independent compliance support provider, for £12.9m. "I'm delighted we have been able to complete this transaction and I look forward to welcoming TenetLime's advisers to our PRIMIS Network. The increase in membership will help us to further invest in our service offering to member firms as well as delivering scale economics to support further growth. The acquisition also underpins our leading position in the mortgage and protection network market and is fully aligned with our Group strategy to develop our Financial Services Network business," David Stewart, LSL CEO.