James Hay owner receives second takeover approach

Author: Scott Sinclair
IFAonline | 23 May 2011 | 07:10

Categories: SIPPs

Topics: James Hay

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SIPP provider IFG Group has received a second takeover approach from an unnamed company.

The group, which acquired James Hay for £35m in March last year, said the offer may or may not lead to an offer being made.

It had initially received an appraoch from another company on 4 May.

IFG Group bought James Hay in 2009 and merged the SIPP provider with the IPS Partnership to create the James Hay Partnership in 2010.

James Hay Partnership handles 40,000 clients, £12bn in funds and works with 8,000 IFAs.

 

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