Memery Crystal acted for STM Group Plc ("STM") in connection with the acquisition of London & Colonial Holdings Limited ("LCH") for £5.385 million.

STM specialises in the delivery of a wide range of financial service products to professional intermediaries and the administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring.

London & Colonial is a service led independent financial services group with its head office in Haywards Heath, UK, offering SIPP products in the United Kingdom; Qualifying Recognised Overseas Pension Schemes (“QROPs”) in Gibraltar and with an insurance business based in Gibraltar.

The Board of STM believes that the Acquisition is highly complementary to STM’s existing business and strategy will establish them in the UK SIPP Market (a key strategic objective) and will contribute to the growth of STM.

The Memery Crystal team was led by Andrew Titmas and included corporate associate Negin Kalkan.

Client partner Andrew Titmas commented: “We are delighted to have helped STM close an important transaction and achieve one of their key strategic objectives.”

Alan Kentish, STM CEO, commented: “The acquisition of London & Colonial marks a significant new chapter for STM, and the commerciality and responsiveness of Andrew and the team at Memery Crystal have been invaluable in facilitating this.”