Team, a Jersey-based wealth and asset management group, has agreed to acquire eight investment mandates from Epic Markets and Epic Funds Services Guernsey for a combined £1.88m ($2.48m).
The transaction covers two parts: the Epic Book, comprising eight investment mandates with about £157m of assets under management, and Epic Guernsey, a Guernsey-based financial planning business.
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Team said the mandates are mainly multi-asset, fund-based and discretionary, and fit with its current investment approach.
The Epic Book includes multi-asset and model portfolio services, multi-asset funds including VT strategies, plus credit, fixed income and specialist mandates. It also contains equity strategies and other mandates.
Consideration for the Epic Book is £1m, payable in new Team shares to be issued on completion, using the company’s 60-day VWAP as the reference price.
Completion is conditional on the satisfaction or waiver of various requirements, including regulatory approvals from the UK Financial Conduct Authority (FCA) and the Central Bank of Ireland.
Team expects the acquired assets to be integrated into Team Asset Management following completion.
Epic Guernsey is a fund administration and fiduciary services business regulated by the Guernsey Financial Services Commission and is wholly owned by Epic Administration.
For the 11-month period to 28 February 2026, its unaudited management accounts show turnover of around £1.3m, EBITDA of £0.1m and net assets of £0.81m.
Team has agreed to pay £880,000 for Epic Guernsey, also in new shares to be issued on completion.
That acquisition is subject to the satisfaction or waiver of conditions, including regulatory approval from the Guernsey Financial Services Commission.
Team said the Guernsey deal would add an established fiduciary licence and operating platform, create a new recurring revenue stream, and strengthen governance and corporate services across the group.
Team chairman Mark Clubb 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 £157m of high-quality AUM for £1m 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.
“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.”
