Travers Smith advises Cushon senior management on sale of majority stake to WTW

"Travers Smith LLP advised the senior management team of Cushon on NatWest Group's sale of its 85% majority stake to WTW, part of WTW's acquisition of 100% of Cushon. The transaction, subject to regulatory approval, is expected to complete in H1 2026; NatWest will continue a referral relationship with Cushon."

Travers Smith LLP advised the senior management team of Cushon in connection with the sale by NatWest Group of its 85% majority stake in Cushon to WTW, a transaction that forms part of WTW's acquisition of 100% of the workplace savings and pensions fintech business. The agreement provides for WTW to acquire 100% of Cushon, with completion expected in the first half of 2026, subject to regulatory approval. Since joining NatWest Group in 2023, Cushon has expanded its customer base from 500,000 to approximately 730,000 and increased assets under management and administration from £1.7 billion to nearly £4 billion. Under the terms of the arrangement, NatWest Group will continue to refer customers to Cushon through its Commercial & Institutional business to meet ongoing demand for workplace pensions products. Travers Smith LLP represented the senior management team of Cushon with a team composed by: Partner Alex Dixon, Private Equity & Financial Sponsors.

Travers Smith advises Cushon senior management on sale of majority stake to WTW

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