Palatine-backed My Pension Expert refinancing from OakNorth

Transaktion

Refinancing

£25m

Rolle

Adviser to Palatine-backed My Pension Expert on its refinancing from OakNorth

Sektor

Financial Services

Region

Großbritannien

We have advised My Pension Expert, the UK’s leading at-retirement adviser, on its refinancing from OakNorth, a digital bank focused on serving and empowering the lower mid-market.

Based in Doncaster, My Pension Expert, backed by Palatine Private Equity (Palatine), provides independent financial advice to consumers nationwide via telephone and video conferencing.

The refinancing is a significant step for My Pension Expert, enabling the business to build on its sustained growth. The deal underscores the strength of My Pension Expert’s business model and long-term vision.

The funding will support My Pension Expert’s targeted acquisition pipeline, with a clear focus on strategic M&A as a core driver of the business plan alongside a strong, sustainable organic growth plan. Acquisitions will play a key role in expanding market reach and building value through carefully chosen partnerships. My Pension Expert is well placed to scale sustainably while continuing to deliver for its customers and stakeholders.

This new funding package follows recent key appointments to the company’s management team to scale up its operations and fulfil its mission of increasing consumer access to independent financial advice.

We’re delighted to be partnering with OakNorth as we take this exciting next step in My Pension Expert’s growth journey. From the outset, the team there have demonstrated a deep understanding of our business and a clear belief in our long-term vision.

Not only is this a vote of confidence, but it also gives us the financial flexibility to keep building momentum. It’s a really exciting time for the business; we’ve got big plans to grow – and grow fast. With such a strong leadership team in place, we’re well positioned to innovate, expand, and take My Pension Expert to the next level.

Andrew Megson, CEO, My Pension Expert

This refinancing was possible due to the company’s strong trading performance plus the hugely successful acquisition and integration of Tenet&You last year. OakNorth’s support will help facilitate more M&A on top of MPE’s very strong underlying organic growth and we’re very much looking forward to working alongside them.
Kieran Lawton, Senior Investment Director, Palatine

My Pension Expert is an exceptional example of a digitally enabled, mission-driven business transforming access to retirement advice for underserved consumers. Their ability to scale efficiently while maintaining regulatory rigour and client satisfaction sets them apart in a traditionally fragmented market. With strong backing from Palatine and a proven leadership team, the business has already demonstrated impressive growth and integration capability, as seen in last year’s Tenet&You acquisition. We’re delighted to support their next phase of expansion and to partner with a firm that is making high-quality financial advice more accessible to thousands across the UK.
Stewart Haworth, Director of Debt Finance, OakNorth

This transaction marks an important moment for My Pension Expert as they scale their platform and pursue a focused acquisition strategy. Their commitment to transforming access to retirement advice is clear, and we’re pleased to have supported them in securing a funding package that enables their ambitions.
Tom Barnwell, Partner, Clearwater