Epiris to Acquire IFG

April 12, 2019

On March 25, 2019, Epiris GP announced an agreement to acquire IFG Group plc.Under the terms of the transaction, SaintMichelCo, a wholly-owned indirect subsidiary of Epiris Funds and subsidiary of Epiris GP Limited (“Epiris”), will acquire the entire share capital of IFG Group plc (“IFG”) for £206m, which amounts to £1.93 per IFG share. The transaction is subject to IFG shareholder approval. Further terms of the deal were not disclosed.

IFG is a Dublin and London-listed financial services firm with two businesses, James Hay, which provides pension administration and investment platform services and Saunderson House, which provides wealth management and financial advisory services. IFG has £30.2bn under management across its two businesses.

Epiris is a UK-based private equity firm that invests in buyouts and loan-to-own debt transactions. It has £1.3 billion in equity invested since 2011.

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Investment Manager M&A, Transactions