M&A
confidence medium
sentiment neutral
materiality 0.20
SEI UK unit enters option to acquire XPS Pensions (Nexus) from XPS Pensions Group
SEI INVESTMENTS CO
- SEI Investments (Europe) Ltd (SIEL) signed option agreement to buy XPS Pensions (Nexus) Limited, principal employer of National Pensions Trust.
- Seller is XPS Pensions Group PLC; no deal value or terms disclosed in the filing.
- SEI states the acquisition is not significant to its operations or financial results.
- Announcement made via press release on July 13, 2023, furnished as Exhibit 99.1.