Self-invested personal pension (Sipp) specialist, Curtis Banks, has agreed to acquire fintech firm Dunstan Thomas and Sipp administrator Talbot and Muir.

Santander UK provided a £30m finance facility for Curtis Banks’ acquisition of Dunstan Thomas.

This latest funding from Santander refinances existing facilities provided by the bank, which supported Curtis Banks’ acquisition of Suffolk Life in 2016 through a £15m term loan and £8.3m revolving credit facility.

Santander has provided funding for the Sipp specialist since 2012.

Curtis Banks chief executive, Will Self, said that its partnership with Santander has helped grow the business “significantly”.

“This acquisition is the latest demonstration of Curtis Banks’ determination to deliver growth through organic, acquisitive and diversified means,” he continued.

“We look forward to continuing our long and fruitful relationship that supports us in achieving our growth aspirations.”

Curtis Bank currently has more than 76,000 clients and holds £29.1bn of assets under administration.

Commenting on the acquisitions, Santander UK relationship director, Simon Whyatt, said: “Curtis Banks Group plc continues to deliver impressive growth in the Sipp market.

“We are delighted to be working with an excellent management team and to have been able to support them through previous acquisitions and the current acquisition of Dunstan Thomas Group.”

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