The private equity firm that has snapped up James Hay's parent company and bought Nucleus Financial in recent years is reported to be looking to sell at least a part of its stake in the platforms already.
Financial News reports that a number of market sources understand Epiris, the private equity owner of the two adviser platform businesses, is looking to sell in 2022. The firm bought James Hay's parent company for £206m in 2018 and then snapped up Nucleus for around £140m in early 2021, creating a combined adviser platform business with £45m assets under administration. Epiris has since sold the financial planning business Saunderson House, which it bought from James Hay's parent company IFG in the same deal, for £150m to Rathbones. The deal was part of a trend that has seen a number ...
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