IFG Group, which owns wealth manager Sauderson House and SIPP provider James Hay, is to be acquired by Epiris, a private equity firm.
Epiris, formerly Electra Partners, is proposing to pay the existing shareholders £1.93 per ordinary share. This values IFG Group at approximately £206 million.
The IFG board are recommending that shareholders vote in favour of the deal, as it intends to do.
“The offer by Epiris represents a compelling opportunity for shareholders to realise an immediate and attractive cash value for their shareholding in IFG today,” said chief executive Kathryn Purves. “In addition, our ...
