Private equity-owned James Hay buys rival Nucleus for £145m

Nucleus will eventually re-platform

Tom Ellis
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Nucleus's largest shareholder Sanlam has agreed to the deal.
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Nucleus's largest shareholder Sanlam has agreed to the deal.

James Hay has reached an agreement to acquire AIM-listed rival platform Nucleus for £145m.

The acquisition would create an adviser platform company with £45bn of assets under administration. Nucleus said its medium-term ambition was to re-platform to FNZ technology to align itself with James...

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