Information  X 
Enter a valid email address

Mattioli Woods PLC (MTW)

  Print      Mail a friend       Annual reports

Thursday 14 January, 2021

Mattioli Woods PLC

Acquisition of BDO NI EPUT Business

RNS Number : 7495L
Mattioli Woods PLC
14 January 2021



14 January 2021


Mattioli Woods plc


("Mattioli Woods" or "the Group")


Acquisition of the EPUT administration business of BDO Northern Ireland


Mattioli Woods plc (AIM: MTW.L), the specialist wealth management and employee benefits business, is pleased to announce it has acquired the Exempt Property Unit Trust ("EPUT") administration business of BDO Northern Ireland ("BDO NI") for a nominal initial consideration plus (capped) deferred consideration representing 50% of BDO NI EPUT profits before tax for the 30 months following completion. 


Mattioli Woods has also acquired the entire issued share capital of Callender Street Nominees Limited  from Aqua Trust Company Limited in Jersey as part of the transaction. 


EPUTs are complementary to Mattioli Woods' core SSAS and SIPP proposition, widely used in Northern Ireland and the acquisition expands Mattioli Woods' operations in the region.  The EPUT business's experienced team of three employees will join Mattioli Woods and operate from the Group's existing office in Belfast.


The EPUT business provides trustee and administration services to over 100 EPUTs with total funds under trusteeship of over £233 million.  


Commenting on the transaction, Murray Smith, Founder Director of Mattioli Woods, said:


"We are delighted to expand our existing operation and client proposition in Northern Ireland by working with BDO NI to bring their highly experienced EPUT team together with our team in Belfast, to create a highly complementary addition to our specialist pension consultancy and administration services.  We intend to continue growing our wealth management business in Northern Ireland to deliver the best possible client service."


Nigel Harra, Senior Partner at BDO Northern Ireland, said:


"This announcement is a boost of confidence in the Northern Ireland market and in our EPUT team at BDO NI. We are thrilled to be working with Mattioli Woods who share our focus on putting the client first and providing them with a dedicated, bespoke service.  This investment and Mattioli Woods' shared client-focused approach provides the team with the opportunity for further growth and development, and as a spring-board for continuing success."


- Ends -



For further information please contact:

Mattioli Woods plc

Ian Mattioli MBE, Chief Executive Officer

Tel: +44 (0) 116 240 8700

Ravi Tara, Group Finance Director

Michael Wright, Group Managing Director


Canaccord Genuity Limited (Nominated Advisor and Joint Broker)

Emma Gabriel

Tel: +44 (0) 20 7523 8000

Tom Diehl

N+1 Singer (Joint Broker)

Justin McKeegan, Corporate Finance

Tel: +44 (0) 20 7496 3000

Pete Steel, Corporate Finance

Tom Salvesen, Corporate Broking


Media enquiries:


Ed Gascoigne-Pees

Tel: +44 (0) 20 3757 4984


This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t