Nucleus Financial Group confirms several buy-out offers
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David Ferguson, Nucleus Financial Group founder and CEO
Edinburgh-based financial services company Nucleus Financial Group has confirmed that it has received a number of offers to buy the company.
Nucleus said it has received separate proposals from Integrafin Holdings plc and Epiris LLP in conjunction with its associate James Hay Partnership Management Limited regarding possible cash offers for the entire issued and to be issued ordinary share capital of Nucleus.
The firm has also confirmed that it is in preliminary discussions with Aquiline Capital Partners LLC and Allfunds (UK) Limited regarding potential offers for the company.
Nucleus said that discussions with the respective parties are ongoing.
The firm understands that Sanlam UK Limited, which owns approximately 52% of Nucleus’s issued share capital, is supportive of the Nucleus Board engaging in potential offer discussions and the company intends to work constructively with Sanlam UK Limited to ensure that the interests of all shareholders are properly considered.
The firm said: “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.”
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