Key Retirement confirms £208m acquisition
Key Retirement Group has announced the completion of its £208 million acquisition by funds managed and/or advised by Partners Group from Phoenix Equity Partners, following regulatory approval of the transaction.
After twenty years at the helm founder, Colin Taylor is retiring as CEO having established the group as a leading specialist provider of financial solutions to the over-55s, employing more than 380 people in the UK with its head office in Preston.
He is succeeded as CEO by Simon Thompson, who recently served as Deputy CEO, who will spearhead the next growth phase as Partners Group works with the management team on expanding distribution capacity, broadening Key’s product portfolio and driving product innovation.
Simon Thompson, CEO, Key Retirement Group, said: “Colin’s drive and ambition have been crucial in making Key Retirement Group the success that it is and we wish him well on his well-deserved retirement.
“We are very pleased to finalise the deal with Partners Group and look forward to starting work with them as our new owner building on the significant growth achieved over the last few years with Phoenix who were outstanding partners.”
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