Private equity bid values Saunderson House owner at £206m
Recommended cash offer
The deal is also conditional on agreement by IFG shareholders and regulatory approvals
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...
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