LONDON, September 12, 2016
RM2 Corporate Finance served as the exclusive financial advisor to Trust Inheritance Limited in its sale to T.I. EOT Limited, an Employee Ownership Trust formed to purchase the Company on behalf of its employees. The Weston-super-Mare based Company is a leading national provider of bereavement and associated legal services. The transaction officially closed on 28 June 2016.
Trust Inheritance’s CEO, Stephen Jenkins stated, “Employee ownership is the best direction for securing the future of Trust Inheritance. Sharing the success of the Company with the employees is a great way to reward all of our dedicated employees, and it will serve as a great tool for employee recruitment and retention.”
RM2 Managing Partner Garry Karch commented, “Selling a company to its employees is a highly technical transaction, especially coordinating the various parties involved in the transaction and ensuring all of the legal and regulatory requirements are met. It was a privilege to work with Steve and his team to facilitate the process for such a great company like Trust Inheritance.”
About Trust Inheritance
Trust Inheritance is a leading national provider of award winning customer services. The support team uses the latest digital solutions to deliver highly efficient, consumer focussed, bereavement and associated legal services on behalf of employers, professional service providers and membership organisations that prefer to outsource to specialists. Typical partners are insurance companies, banks, building societies, financial advisers, membership groups, employers, funeral directors, law firms and accountants. Located in Weston-super-Mare, the Company was established in 1990. Trust Inheritance has supported more than 10,000 bereaved customers and families to date as well as writing more than 270,000 Wills and Lasting Powers of Attorney.
About RM2 Corporate Finance
RM2 Corporate Finance is a specialist corporate finance advisor headquartered in London. The firm focuses on change of control Employee Ownership transactions. RM2 principals have closed Employee Ownership transactions valued in excess of £750 million over the course of their careers. RM2 is a leader in the Employee Ownership field and provides corporate finance advisory services to middle market companies, with particular expertise in raising capital to support Employee Ownership transactions.
