This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Money Marketing Cover
Categories:Pensions,SIPPs

James Hay parent £205m takeover deal terminated

  • Print
  • Comment

James Hay parent company IFG and private equity firm Bregal Capital have terminated discussions over a proposed £205m takeover.

In May IFG announced that it was in talks with two firms over a possible acquisition. On August 31 the company signed an exclusivity agreement with Bregal.

However in a statement today IFG says: “In view of the current dislocation in global markets, both IFG and Bregal have agreed to discontinue discussions.

“Accordingly, the board can confirm that the company is not in talks with any party regarding a possible takeover.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you agree with calls for a flat 30% rate of pensions tax relief?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments