Team to acquire Epic investment mandates and Epic Guernsey business

Team, a Jersey-based wealthiness and plus absorption group, has agreed to get 8 concern mandates from Epic Markets and Epic Funds Services Guernsey for a combined £1.88m ($2.48m).

The transaction covers 2 parts: the Epic Book, comprising 8 concern mandates with astir £157m of assets nether management, and Epic Guernsey, a Guernsey-based fiscal readying business.

Team said the mandates are chiefly multi-asset, fund-based and discretionary, and acceptable with its existent concern approach.

The Epic Book includes multi-asset and exemplary portfolio services, multi-asset funds including VT strategies, positive credit, fixed income and specializer mandates. It besides contains equity strategies and different mandates.

Consideration for the Epic Book is £1m, payable successful caller Team shares to beryllium issued connected completion, utilizing the company’s 60-day VWAP arsenic the notation price.

Completion is conditional connected the restitution oregon waiver of assorted requirements, including regulatory approvals from the UK Financial Conduct Authority (FCA) and the Central Bank of Ireland.

Team expects the acquired assets to beryllium integrated into Team Asset Management pursuing completion.

Epic Guernsey is simply a money medication and fiduciary services concern regulated by the Guernsey Financial Services Commission and is wholly owned by Epic Administration.

For the 11-month play to 28 February 2026, its unaudited absorption accounts amusement turnover of astir £1.3m, EBITDA of £0.1m and nett assets of £0.81m.

Team has agreed to wage £880,000 for Epic Guernsey, besides successful caller shares to beryllium issued connected completion.

That acquisition is taxable to the restitution oregon waiver of conditions, including regulatory support from the Guernsey Financial Services Commission.

Team said the Guernsey woody would adhd an established fiduciary licence and operating platform, make a caller recurring gross stream, and fortify governance and firm services crossed the group.

Team president Mark Clubb said: "The EPIC Book and EPIC Guernsey are precise antithetic businesses, but some are highly suited to joining the Team group.

“With the EPIC Book, we are acquiring £157m of high-quality AUM for £1m successful Team shares. We judge this represents fantabulous worth for our shareholders. Furthermore, the assets are already aligned with our multi-asset attack and volition integrate straight into our platform.

“We cognize the concern good and we are assured of gathering connected the existent recurring gross base, and making this into a beardown nett centre, alongside giving america further opportunities for caller lawsuit origination and retention.”