Insights

Joelson advises Direct Life & Pension Services on sale to LSL Property Services plc

Posted Tuesday 13th April 2021

Joelson, the leading London law firm, has advised Direct Life & Pension Services, one of the largest wholesale providers of protection products and services in the UK to the financial advice market, on the sale of the majority shareholding to LSL Property Services plc, a leading UK provider of residential property services.

This transaction will help Direct Life grow to be able to deliver key enhancements to the protection advice market, improve its technological and operational capabilities in this area and provide further growth opportunities for its intermediary partners.

Joelson’s Corporate team was led by Partner, Paul Chiappe and supported by Associate, Magdalena Janki and Solicitor, Harriet McDonald.

Rob Quayle, CEO of Direct Life, said:

“Magda has guided us through three transactions over the past four years – one MBO, and two significant investments, and we wouldn’t want anyone else. Magda and Paul’s understanding of our needs shone through from the outset. Their advice went way beyond the legal issues and guided us to a successful conclusion from a personal and business perspective. We were always convinced they had our back, acting with our best interests at heart, minimising our costs, maximising our opportunity and always a pleasure to deal with.  Thank you guys!”

Madgalena Janki, Associate at Joelson, said:

“We have thoroughly enjoyed working with Rob and Neil at Direct Life on this deal and are grateful to have been able to assist them in their journey from the very outset. We believe this partnership between Direct Life and LSL Property Services is a truly exciting time for their businesses and we look forward to seeing what comes next. This is another significant deal for Joelson which illustrates our passion for helping businesses grow and scale. We look forward to working with Rob, Neil and the team again!”


This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.


Share this article