Private equity bid values James Hay owner at £206m

Recommended cash offer

Julian Marr
clock
“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
Image:

“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...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

James Baxter-Derrington
clock 21 October 2021 • 1 min read
Quilter said potential candidates should "monitor business production and embedded client contact and sales strategy".

Quilter hunts for regional financial planning managers to monitor 'sales strategy'

'Sales management' a key responsibility

clock 20 October 2021 • 2 min read
Mary Harper: ""It's part of our longer term aim to offer advice on different products, and more blended solutions, according to which life stage they are currently at, whilst maintaining a specialism for the at- and post-retirement milestone. This is where AFA's expertise lies and where the biggest advice gap persists."

Aviva Financial Advice adds equity release and IHT to service

Moving towards whole of wealth advice

Jenna Brown
clock 20 October 2021 • 2 min read