1 August 2022
TEAM PLC
Completion of Acquisition
TEAM plc ("TEAM"), the wealth, asset management and complementary financial services group, is pleased to announce the completion of the acquisition of the entire issued share capital of Omega Financial Services Limited ("Omega") as at 31 July 2022, following the transaction being approved by the Jersey Financial Services Commission. The acquisition was first announced in December 2021.
Omega is a Jersey-based IFA, specialising in retirement planning, mortgage advice, life assurance and bespoke investment advisory services.
Matthew Moore COO and CFO of TEAM, commented:
"Since we announced our intention to acquire Omega we have been working very closely with the them, and therefore we are able to say with confidence that we are delighted to have completed this acquisition and that Omega has added significantly to our client offering and as importantly, there are valuable opportunities ahead to go after together, as one business."
Enquiries
TEAM plc
Mark Clubb / Matthew Moore
Telephone: +44 (0) 1534 877210
Hannam & Partners
(Financial Adviser to TEAM)
Giles Fitzpatrick / Ernest Bell / Richard Clarke
Telephone: +44 20 7907 8500
Canaccord Genuity Limited
(Nominated Adviser and Broker to TEAM)
Bobbie Hilliam / Alex Aylen
Telephone: +44 20 7523 8000
Novella Communications
(Financial Public Relations)
Tim Robertson / Safia Colebrook
Telephone: +44 20 3151 7008
Information on TEAM
TEAM plc is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM plc's core skill of providing investment management services. Growth will be achieved via targeted and opportunistic acquisitions, through team and individual hires, through collaboration with suitable partners, and organic growth and expansion.
www.teamplc.co.uk