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March 2021
UK & Ireland, £100m - £500m

Liberty has advised the management team of Broadstone on its partnership with Intermediate Capital Group

Liberty Corporate Finance advised the management team of Broadstone, one of the UK’s leading independent providers of specialist pensions, trustee and employee benefits solutions, on securing new backing with ICG that will support their ambitious growth plans.

Broadstone’s deal with ICG secures the financial backing to maintain and accelerate its ambitious growth plans and allows management to increase its stake in the business. It brings to a successful conclusion Broadstone’s five-year relationship with the mid-market private equity investment firm, Livingbridge, and is an endorsement of the expertise of Broadstone’s people, proposition and strategic aims.

The last few years have witnessed a hugely successful period of sustained and significant expansion fuelled by an ambitious programme of both organic growth and strategic acquisition. Broadstone and 20-20 Trustees now employ over 400 professionals in eight offices across the UK. The growth cements the firm’s position as one of the most respected independent providers of pensions consulting, employee benefits consulting and pension trusteeship services in the country.

Liberty advised on the terms of the reinvestment by the continuing management and on the terms of a new equity incentive plan for the group going forward.

We are delighted to be partnering with ICG as we continue to build a distinctive, UK employee benefits group of scale. Simon and the Liberty team were really helpful in the negotiation of the management investment terms. Their expertise and support really added value, delivering a great outcome for the management team in an intense process. A pleasure to work with!

Grant Stobart
CEO of Broadstone

Grant, Nick and the team at Broadstone have delivered a fantastic success story for Livingbridge over the last few years. The new partnership with ICG should enable the team to continue to build and develop the group with an investor alongside who has extensive experience in supporting ambitious growth strategies and has the firepower to get fully behind their acquisition plans.

Simon Hill
+44 (0) 7813 601 051