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Private equity firm set to buy James Hay parent for £205m

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. 

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