Recent deals

Charles Stanley Group PLC has exchanged contracts for the sale of its SIPP and SSAS business, EBS Management PLC (EBS) to Embark Group.

Charles Stanley Group PLC has exchanged contracts for the sale of its SIPP and SSAS business, EBS Management PLC (EBS) to Embark Group. Established over 40 years ago, EBS administers circa 13,000 schemes with assets under administration of £2.3bn.

The disposal will enable Charles Stanley to focus on its wealth investment management activities whilst enabling EBS to become part of a group that specialises in SIPP and SSAS pension administration.

EBS will be operated as a standalone unit of the Embark Group but will have full access to its capabilities, technology and capital. Charles Stanley and Embark will become on-going partners for SIPP and SSAS services to Charles Stanley clients.

Hines Associates Limited acted as financial advisor to Charles Stanley.