Liberty advises management of Key Retirement Group.

Liberty is pleased to announce that it has advised the management team of Key Retirement Group (“KRG” or “the Company”) on its acquisition by Partners Group for a transaction value of £208 million from Phoenix Equity Partners. Founded in 1998 and headquartered in Preston, KRG is a leading UK provider of independent specialist advice and financial products for individuals approaching or in retirement. The Company specialises in the origination and distribution of lifetime mortgages (LTMs), on behalf of third-party funders, which enable customers to release equity from their homes to fund their retirement. In 2016, KRG advised around 9,000 customers, providing around £530 million in LTMs. Following the acquisition, Partners Group will work with KRG's management team, led by CEO Simon Thompson, on value creation initiatives aimed at expanding the Company's distribution capacity, driving forward product innovation and broadening its product portfolio.

Liberty provided advice to the continuing managers on their significant rollover investments and their sweet equity package in the Partners Group structure.


Simon Thompson, CEO of KRG, said: “Our group has been transformed during Phoenix investment period with significant strategic change alongside a major operational investment programme.  We look forward to continued growth alongside Partners Group.” Simon added "The management team received top class advice from Liberty. This enabled us to focus on the business sale in the safe knowledge that our own positions were being considered and negotiated thoroughly. Communication was excellent throughout the process and we were delighted with the outcome. I would have no hesitation in recommending Liberty.”

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