Pinsent Masons advises Legal & General on the sale of Suffolk Life
15 Jan 2016 | 12:35 pm |
International law firm Pinsent Masons has advised Legal & General Group plc on the sale of Suffolk Life, one of the UK’s leading providers and administrators of self-invested personal pensions (SIPPs), to Curtis Banks Group plc for £45 million. The acquisition is subject to an underwritten placing by Curtis Banks Group plc and regulatory approval, both of which are expected in the first half of 2016.
Suffolk Life specialises in SIPPs, and administers around 26,500 plans, including 3,600 commercial properties. Assets under administration were £8.7 billion as at 30th November 2015. The business was established in 1971 and is based in Ipswich.
Legal & General is disposing of non-core businesses, and focusing on core activities where it believes it can achieve significant scale and attractive returns on capital. It disposed of Legal & General France, Legal & General Ireland and Egypt in 2015.
The multi-disciplinary Pinsent Masons team advising on the deal was led by corporate partner Hannah Brader supported by corporate solicitor Emma Dawe. Specialist pensions advice was provided by Simon Laight and Sarah Fry.
Hannah Brader commented: “We are delighted to have advised Legal & General on the sale of Suffolk Life. This transaction involved a multi-disciplinary team across our insurance and wealth management practice and is further evidence of Pinsent Masons’ corporate expertise in the financial services sector.”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on landmark university merger
Multinational law firm Pinsent Masons has advised the University of Greenwich on the trailblazing merger with the University of Kent, paving the way for the creation of the UK’s first “super‑university”.
Pinsent Masons advises on sale of VLocker to Venu+
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Pinsent Masons launches in Poland
Multinational law firm Pinsent Masons is expanding its European footprint into Poland, announcing plans to open in Warsaw in mid-2026.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons hires leading pensions partner Susie Daykin in London
Multinational law firm Pinsent Masons has appointed pensions partner Susie Daykin to join its London office.
Pinsent Masons MPillay advises Proparco on strategic Asia Pacific energy investment
Law firm Pinsent Masons MPIllay has advised French development finance institution Proparco (Société de Promotion et de Participation pour la Coopération Économique) on its investment in Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy.
Pinsent Masons advised La Banque Postale and Bpifrance
Multinational law firm Pinsent Masons in Paris advised La Banque Postale and Bpifrance in connection with the financing of the repowering of two wind farms (Marsanne and Grand Bois) owned by funds managed by Octopus Energy Generation, for an amount exceeding €83 million.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]