James Hay's Nucleus acquisition gains regulatory approval

£145m purchase

Sophie King
clock • 2 min read

James Hay’s purchase of rival adviser platform Nucleus has received regulatory approval.

Private equity-owned James Hay purchased the AIM-listed rival platform Nucleus for £145m in February. Then, in March, shareholders of Nucleus were encouraged to vote on the James Hay cash offer deal. Now that the transaction is subject only to formalities, the pair can work together to address the changing needs of advisers and their clients. Both platforms will continue to operate independently for the foreseeable future while the integration plans are in development. James Hay CEO Richard Rowney (pictured) said: "This deal creates one of the leading, independent, adviser platform gr...

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