27th Mar 2025 08:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
LEI: 213800L5751QTTVEA774
27 March 2025
Marwyn Value Investors Limited ("MVIL" or the "Company")
InvestAcc Acquisition
The Company is pleased to note today's announcement by InvestAcc Group Limited ("InvestAcc") that it has agreed to acquire AJ Bell's Platinum SIPP and SSAS business (the "Acquisition"), the pension administration client books which form part of the AJ Bell non-platform business, for a maximum consideration of £25 million.
The transaction is expected to complete in the second half of 2025 following the extraction, migration and integration of the Platinum SIPP and SSAS clients onto InvestAcc's platform.
Mark Hodges, Executive Chairman of InvestAcc, commented: "We are thrilled to announce the acquisition of the Platinum SIPP and SSAS businesses from AJ Bell. The Acquisition's high-net-worth client base, exceptional service proposition and strong financial performance make it a perfect strategic fit for InvestAcc. This significantly strengthens our position as a market leader in "Full" SIPP pension administration, allowing us to enhance our service offering while maintaining the highest standards of customer experience. This represents the second acquisition of a wider pipeline of both company and client book acquisition opportunities under active review."
As part of the transaction, Marwyn Investment Management LLP ("MIM"), the manager of the Marwyn Funds, has reinforced its long-term commitment to InvestAcc and its strategy by entering into a three-year lock-up agreement. Under the agreement, subject to limited exceptions, MIM has committed to retain a minimum holding of 12.4 million InvestAcc ordinary shares, representing 25% of InvestAcc's current share capital, along with the only Sponsor Share. This reflects MIM's continued confidence in InvestAcc's vision and future growth.
The look-through holdings of InvestAcc for the Company's share classes are:
Share Class | Look-through shareholding (m) | Total Value (£m) | NAV contribution per share (p) |
Ordinary | 21.39 | £27.61 | 49.8 |
2021 Realisation | 0.13 | £0.17 | 48.2 |
Value and NAV contribution based on closing InvestAcc share price of £1.28 on 26 March 2025 and includes value of warrants held
The 2016 Realisation share class does not have any look-through holding in InvestAcc.
Company enquiries:
Marwyn Value Investors Limited
Scott Danks
Company Secretary - Palmer Fund Services (Jersey) Limited
1 Grenville Street
St Helier
Jersey JE2 4UF
Investor Relations - KK Advisory Limited
Kam Bansil
020 7039 1901
PR Adviser - FGS GlobalRollo Head 07768 994987Chris Sibbald 07855 955531
Corporate Broker - Panmure Liberum Limited
Chris Clarke
0203 100 2200
Note:
Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.
Related Shares:
Marwyn Val.Marwyn Value 21