Dublin-based financial services company Life Strategies has been acquired by British firm Marlborough Stirling in a cash and share deal valued at approximately £5 million (€6 million). Life Strategies is an actuarial and strategic consultancy founded in 1993 by Mr Colm Fagan, a former finance director of Bank of Ireland subsidiary, Lifetime. Mr Fagan and Life Strategies' 12 employees will benefit from the sale through an employee share option plan. The Life Strategies brand name will be retained and Mr Fagan will continue to head the Dublin operation with the existing management team.
As part of a £12 million expansion into Europe, Marlborough Stirling has also announced the acquisition of Isle of Man-based WebTech Software which specialises in life administration software for the offshore market. "Dublin is a natural launching pad for us to expand into Europe," said Mr David Gales, business development director and co-founder of Marlborough Stirling. "The consultants at Life Strategies are the acknowledged experts for companies wishing to set up a single pan-European presence."
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