FCA approves private equity bid for James Hay owner
Recommended cash offer
The Financial Conduct Authority (FCA) has given the necessary regulatory approval for the private-equity acquisition of IFG Group, the parent company of platform and SIPP operator James Hay and wealth manager Saunderson House.
In March, the board of IFG unanimously recommended the group's shareholders accept a cash offer from UK private equity firm Epiris - formerly known as Electra Partners - for £1.93 per ordinary share, which...
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