TLT advises FTSE250 XPS Group on its acquisition of insurance consultancy business

National law firm TLT has acted for FTSE 250 XPS Group - the leading consulting and administration business specialising in the pensions and insurance sectors - on its acquisition of Polaris Actuaries and Consultants Limited.

Polaris is a highly regarded provider of insurance, risk and regulatory consulting services, specialising in high quality actuarial and technical services to insurance clients in the UK, and supporting them on complex financial, risk, regulatory and actuarial change programs.

The complementary nature of the two companies means that this deal will create a significant opportunity for growth for XPS and will help to grow XPS’s insurance consulting business division. Polaris also offers XPS the advantage of immediate access to long term, trusted relationships with established Master Services Agreements with the majority of the UK's leading insurers.

TLT advised on all legal aspects of the deal, including legal due diligence and negotiation of all transaction documentation. The team was led by corporate partner Alice Gardner, with support from senior associate Hannah Ward, associate Irina Angliss and legal director Dan Whitewood. The deal also required cross-practice support from the firm’s tax, employment, commercial and pensions teams.

Zoe Adlam, General Counsel at XPS Group said: “This deal is a really important strategic move for us, providing a major boost to our insurance consulting business division – one of our targeted growth areas.

“Having worked with TLT on our previous corporate transaction, we were pleased to collaborate again – their client service was as excellent as ever, and the team went above and beyond to meet tight deadlines and ensure the deal was closed in a timely and efficient manner.”

Alice Gardner, corporate partner at TLT added: “This acquisition is a great example of how clients can use strategic acquisitions to accelerate inorganic growth into new complementary consultancy services alongside their current platform.

“We ensured that the deal was delivered to meet the required timetable, working in close co-operation with the team at XPS as well as other advisers, showcasing our approach on client service delivery.”

This is the second stand-out strategic transaction that TLT has advised XPS on after advising on the sale of the National Pension Trust in 2023