Team plc has exchanged contracts to acquire eight investment mandates from Epic Markets and Epic Funds Services Guernsey, for a combined consideration of £1.88 million to be settled in new Team shares.
The acquisitions comprise the Epic Book, a portfolio of eight institutional quality investment mandates with approximately £157 million of assets under management, and Epic Guernsey, a Guernsey-based financial planning business.
The Epic Book includes multi-asset and model portfolio services, multi-asset funds including VT strategies, credit, fixed income and specialist mandates, as well as equity strategies and other mandates. Team said the mandates are predominantly multi-asset, fund-based and discretionary in nature, and are consistent with its existing investment approach.
The consideration for the Epic Book is £1 million, payable in new Team shares to be issued on completion by reference to the Team 60-day VWAP. Completion is subject to the satisfaction or waiver of various conditions, including regulatory approvals from the Financial Conduct Authority in the UK and the Central Bank of Ireland.
Following completion, the assets are expected to be integrated into Team Asset Management, using the Group’s existing multi-asset models and allocation framework, outsourced operational and custody infrastructure, and multi-jurisdictional regulatory platform.
Epic Guernsey is a fund administration and fiduciary services business regulated by the Guernsey Financial Services Commission and wholly owned by Epic Administration Limited. For the 11-month period to 28 February 2026, its unaudited management accounts report turnover of approximately £1.3 million, EBITDA of £0.1 million and net assets of £0.81 million.
The consideration for Epic Guernsey is £880,000, payable in new Team shares to be issued on completion by reference to the Team 60-day VWAP. Completion is subject to the satisfaction or waiver of various conditions, including regulatory approval from the Guernsey Financial Services Commission.
Team said the Guernsey acquisition would add an established fiduciary licence and operating platform, a new recurring revenue stream and enhanced governance and corporate services capability across the Group, while also providing a strategic origination channel into Team Asset Management.
Commenting on both acquisitions, Mark Clubb (pictured), Chairman of Team, said: “The Epic Book and Epic Guernsey are very different businesses, but both are highly suited to joining the Team group.
“With the Epic Book, we are acquiring £157 million of high-quality AUM for £1 million in Team shares. We believe this represents excellent value for our shareholders. Furthermore, the assets are already aligned with our multi-asset approach and will integrate directly into our platform.
“Governance and fiduciary services are a critical part of our value chain. By acquiring Epic Guernsey, we are taking control of this area for ourselves, alongside developing the existing platform and marketing their services to our wider client network. We know the business well and we are confident of building on the current recurring revenue base, and making this into a strong profit centre, alongside giving us additional opportunities for new client origination and retention.
“These two acquisitions are part of the overall expansion of the Group and follow on from our successful acquisition of WH Ireland which completed last week.”
