Private equity bid values Saunderson House owner at £206m

Recommended cash offer

Julian Marr
clock • 3 min read

IFG Group is set to be acquired by a private equity firm in a deal that values the parent company of platform and SIPP operator James Hay and wealth manager Saunderson House at approximately £206m.

The board of IFG has unanimously recommended the group's shareholders accept the cash offer from UK private equity business Epiris - formerly known as Electra Partners - for £1.93 per ordinary share. That represents a premium of some 46% on IFG's closing share price of £1.325 on 22 March 2019 and a multiple of roughly 21.4x IFG's adjusted after-tax earnings for the year ended 31 December 2018. According to IFG, it is intended the acquisition will be implemented by means of a High Court-sanctioned scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2019. The deal is...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Liontrust share price drops 5% as it reports near 30% pre-tax profit decline

Liontrust share price drops 5% as it reports near 30% pre-tax profit decline

Gross profit at £157.7m

Sorin Dojan
clock 25 June 2025 • 3 min read
Maven Renovar in turmoil after AGM sees strategy and board rejected

Maven Renovar in turmoil after AGM sees strategy and board rejected

Backlash from shareholders

Patrick Brusnahan
clock 20 June 2025 • 4 min read
Pacific AM snaps up Viewforth team

Pacific AM snaps up Viewforth team

Founder of Viewforth joining too

Patrick Brusnahan
clock 16 June 2025 • 1 min read
Trustpilot