Private equity bid values James Hay owner at £206m

Recommended cash offer

Julian Marr
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“The offer by Epiris represents a compelling opportunity for shareholders to realise an immediate and attractive cash value for their shareholding in IFG today" - IFG Group's Kathryn Purves
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“The offer by Epiris represents a compelling opportunity for shareholders to realise an immediate and attractive cash value for their shareholding in IFG today" - IFG Group's Kathryn Purves

IFG Group is set to be acquired by a private equity firm in a deal that values the parent company of platform and SIPP operator James Hay and wealth manager Saunderson House at approximately £206m.

The board of IFG has unanimously recommended the group's shareholders accept the cash offer from UK private equity business Epiris - formerly known as Electra Partners - for £1.93 per ordinary share...

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