UK-based Palatine Private Equity has made a “significant investment” in Doncaster-based advice firm My Pension Expert.
The financial terms of the deal were not disclosed.
My Pension Expert has 65 staff and provides at-retirement financial advice, including via video and phone.
Palatine’s investment will be used to boost its growth plans, scale up operations and widen consumer access to independent financial advice.
Andrew Megson, executive chairman of My Pension Expert, said: “Throughout the entire process, Palatine has supported management and identified the huge opportunities for My Pension Expert to expand and accelerate growth.”
“Palatine’s focus on sustainability was also a key factor in accepting the significant investment. And My Pension Expert will certainly harness this expertise over the coming years to enhance our own existing environmental, social, and corporate governance (ESG) credentials.”
This is not the first time that Palatine has invested into the financial advice market. The PE firm recently sold its stake in Wren Sterling in December 2021.
