PEM role in Beckett Investment Management deal makes Absolute Sense

Absolute Sense, owned by Paul Waggitt, Peter Waggitt and June Waggitt, has built a strong reputation for delivering high‑quality, independent financial advice to private clients across Cambridgeshire.

The acquisition by Beckett, a leading financial planning and employee benefits group backed by private‑equity investor Foresight, represents a strategic expansion of its advisory footprint in the East of England and aligns with its continued growth strategy.

The PEM team that steered the transaction was led by Philip Olagunju, supported by Asaad Khan and Darren Hagan. PEM led the negotiations through to completion, working closely with law firm Buckles LLP, with Alastair Gunn and Pavneet Aneja providing legal advice to the vendors.

Paul Waggitt, shareholder of Absolute Sense, said: “It is not every day you get an opportunity to sell your business so there was a lot to learn in a very short space of time, as well as a lot that could go wrong.

“Working with Philip, Darren and Asaad in the Corporate Finance Team at PEM helped to navigate many of the issues involved during the negotiations as well as demystify some of the business jargon involved.

“We negotiated terms that might not have been possible without their guidance and support – making sure that we secured a deal that we felt was right for us. We can’t thank them enough and on a human level they were three really nice guys to deal with who were always contactable. I would strongly recommend that they are included in your deal team if you are looking to sell your business.”

Philip Olagunju, Partner, Corporate Finance at PEM, added: “It was a pleasure to advise Paul and Peter on this transaction. Asaad and Darren played pivotal roles in the negotiations and in managing the process. I am pleased with the successful outcome and all of us at PEM wish the parties the best with the future.”