Nucleus Financial Shares Jump on Potential Takeover Proposals
By Matteo Castia
Shares in Nucleus Financial Group PLC jumped Wednesday after the
company said it has received approaches for a possible takeover
from financial-platform provider Integrafin Holdings PLC, and
private-equity firm Epiris LLP in conjunction with its associate
James Hay Partnership Management Ltd.
The wrap-platform provider said it is also in preliminary talks
with private equity firm Aquiline Capital Partners LLC and
wealth-tech company Allfunds (U.K.) Ltd.
Integrafin and Epiris are interested in acquiring the entire
share capital of Nucleus, it added.
Nucleus said its majority shareholder Sanlam U.K. Ltd. is
supportive of the company engaging in potential offer discussions.
Sanlam owns 52% of Nucleus.
"There can be no certainty that any offer for Nucleus will be
made, nor as to the terms on which any offer might be made,"
Nucleus shares at 1215 GMT were up 42.5 pence, or 32%, at 175.0
pence. This values the company at 133.8 million pounds ($178.2
Write to Matteo Castia at email@example.com
(END) Dow Jones Newswires
December 02, 2020 07:46 ET (12:46 GMT)
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