We advised a UK-based global company that acquired a subsidiary retail chain and their associated benefit arrangements, including a final salary pension scheme.

In the course of the due diligence and the purchase process, a series of errors and omissions in the pensions data (administered by a third party) were uncovered by the client which could have seriously jeopardised the acquisition. Quantum Advisory was brought in to provide immediate administration resources, assess the extent of the data errors, and feed back our findings to the client. We then rectified all of the data issues within a matter of days so that the administration of the pension scheme could be brought in-house and the deal brought back on-track.

We were able to achieve the project objectives within the timeframe and the fee budget set by the client, and the transaction went ahead successfully.