Platform Nucleus has received separate proposals from potential buyers in a bid to buy the business.
In a statement released today (2 November), the platform confirmed it had received offers from Transact's parent company Integrafin Holdings and James Hay's private equity owner Epiris. Nucleus is also in discussions with Aquiline Capital Partners and Allfunds regarding potential offers for the company. The platform confirmed these discussions were ongoing. Elsewhere, Sanlam, which owns 52% of Nucleus's issued share capital, said it is supportive of the Nucleus board engaging in potential offer discussions. The platform intends to work with Sanlam to ensure all of the shareholder's in...
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