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IFG Group, the parent company of SIPP provider James Hay Partnership, has ended takeover talks with private equity firm Bregal Capital.
The company was initially approached in May by one of two at that time unnamed companies, who made unsolicited bids.
In June, IFG Group announced it had invited both companies to undertake confirmatory due diligence on potential buy out deals.
The firm then announced in August it was in exclusive talks with Bregal Capital.
But today, IFG announced these talks have been discontinued due to "the current dislocation in the global markets".
IFG is currently not in takeover talks with any other parties, it confirmed.
The company owns James Hay Partnership, one of the largest SIPP providers in the UK. It also owns several IFA businesses, the largest of which is Saunderson House.
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