SEI Investments (Europe) Limited acquired XPS Pensions (Nexus) Limited from XPS Pensions Group plc (LSE:XPS) for £42.5 million on November 21, 2023. Consideration consists of initial consideration of £35 million on completion and earnout consideration of £7.5 million. The transaction received regulatory approvals. Proceeds from the Transaction will be used to partially repay the XPS Pensions Group debt facilities. Alice Gardner of TLT LLP acted as legal advisor to XPS Pensions Group plc.

SEI Investments (Europe) Limited completed the acquisition of XPS Pensions (Nexus) Limited from XPS Pensions Group plc (LSE:XPS) on November 21, 2023.