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Announced

Completed

Foster Denovo completed the acquisition of employee benefits business from Punter Southall.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Friendly

Single Bidder

United Kingdom

employee benefits

Outsourced HR and Staffing

Acquisition

Private

Completed

Synopsis

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Foster Denovo, a financial adviser, completed the acquisition of employee benefits business from Punter Southall, a provider of actuarial and pensions consulting services. Financial terms were not disclosed. “The completion of our acquisition of Punter Southall Aspire’s employee benefits business is a fantastic way to start 2024. We are delighted to be working alongside our new colleagues and welcoming new clients into Secondsight. This transaction, on top of acquiring Wade Financial and Creative Financial Solutions, enriches our business and the combined wealth of experience, expertise, and passion in our Group really sets us apart," Roger Brosch, Foster Denovo CEO.

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