LSL Property Services has completed its acquisition of TenetLime.
The deal was completed on 2 February 2024 and follows Tenet Group’s August 2023 decision to dispose of its appointed representative (AR) groups in deals with LSL and The Openwork Partnership following a strategic review.
The agreement saw LSL acquire Tenet Group mortgage and protection network TenetLime for £12.9m. LSL added at the time that it planned to integrate TenetLime into its Primis network.
The deal coincided with Openwork Partnership reaching an exclusive agreement in which Tenet’s wealth business’ firms and advisers were offered a fully supported transfer to The Openwork Partnership, with the option to retain their independent status in the 2plan Wealth Management network.