InvestAcc Group bought by MAC II in £41.5m deal

Marwyn Acquisition Company II (MAC II) has agreed a deal to acquire pensions services provider, InvestAcc Group.

The deal, for £41.5m, represents an enterprise value of approximately £36m on a cash-free debt-free basis, partly funded via an equity fundraising aimed at a select group of institutional investors.

MAC II was founded by Marwyn and Mark Hodges, and Marwyn has a long track record of building UK public companies having launched 12 previous acquisition companies including BCA Marketplace, Breedon Aggregates and Entertainment One, and more recently Advanced AdvT and Zegona Communications.

InvestAcc is a provider of self-invested personal pension (SIPP) and small self-administered scheme (SSAS) services in the UK. MAC II suggested that InvestAcc provides the “optimal strategic platform” to create value through a SIPP buy-and-build strategy.

MAC II chairman, Mark Hodges, commented: “We have long admired InvestAcc, a leading UK personal pension administrator with a loyal and growing customer base. With a greater focus on savings, changing demographics and a growing reliance on the family, the pensions administration industry plays an important role in securing financial independence and security for customers over the long-term.

“Once completion occurs, we look forward to investing further in InvestAcc’s proposition and unlocking an ambitious M&A agenda to build the UK’s leading specialist pensions administrator.”

CEO of MAC II, Will Self, said: “We understand the market well and are confident InvestAcc is the perfect business on which to base our buy-and-build strategy. Our ambition is to bring its leading customer proposition to more people across the UK as the self-invested pensions market expands.”

InvestAcc founder and managing director, Nick Gardner, added: “I am confident that by working closely with Mark, Will and the team, we will see InvestAcc continue to grow and bring our brilliant offering to more customers around the UK. We will benefit greatly from their expertise to take our business to the next level and I’m excited for what comes next.”

Share Story:

Recent Stories

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.