Private equity firm set to buy James Hay parent for £205m
Share
James Hay parent company IFG Group is in excusive talks to be acquired by private equity firm Bregal Capital for £205m.
The firm announced in May that in was in talks with two firms, both believed to be private equity vehicles, about a possible acquisition.
The bid values the firm at a 35 per cent premium compared to the average closing price of £1.18 a share for the three months to April 20.
Bregal Capital has also offered a non-cash alternative for IFG shareholders to re-invest their offer proceeds in the bid vehicle.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
