Pension SuperFund acquires STM for £40m

Pension services and SIPP provider STM has been acquired by Guernsey-based investment vehicle Pension SuperFund Capital in a £39.8m deal that was extended several times since first being announced in July.

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'Inadvertent rule breach' in STM bid

Pension SuperFund Capital has reported an “inadvertent breach” of one of the rules of City Code on Takeovers and Mergers in its announcement on 8 September about its offer for SIPP provider STM Group.

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STM Group offer extended for fourth time

The £39m bid for SIPP provider STM Group has been extended for a fourth time as chief executive Alan Kentish strives to buy a chunk of the company.

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£41m bid for STM extended for second time

Negotiations over a £41m offer for SIPP and pensions provider STM Group have been extended for a second time.

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