Today’s announcement (10 May 2019)
Alastair Conway, CEO at James Hay:
We are pleased to confirm that the shareholders of our parent company, IFG Group, have voted in favour (99.99%) in relation to the previously announced offer from Epiris GP Limited to purchase the Group.
Epiris is an independent private equity firm with more than 25 years’ experience. It seeks opportunities to invest in, transform and grow businesses in partnership with exceptional management teams. We welcome the opportunity this brings to develop our services so we may continue to support advisers as they help investors to successfully navigate the second half of their financial lives.
The acquisition remains subject to regulatory clearances which are expected in H2 2019.
This is an exciting outcome for James Hay and my team and I look forward to working with Epiris to grow and further develop the business.
Commentary on the initial announcement around Epiris and our 2018 results can be found here.