Sky News says it understands that one of Goldman Sach’s private equity funds is among four potential buyers for a significant stake in Nucleus, valuing the business at about £700m.
Epiris-owned rival platform James Hay acquired Nucleus last year for £145m in an all-cash deal.
Other bidders are believed to be Centerbridge Partners, GTCR and HPS.
The deal will involve Epiris, Nucleus's existing private equity backer, reducing its stake in the company, Sky News reports.
James Hay paid 188 pence per share for the business.
The combined James Hay / Nucleus business has Assets Under Advice of an estimated £45bn.
• This is a developing story, check back for updates.
From Financial Planning Jobs. For more click on any job.
-
Performance Director - South West - £100k+bonus
Financial Planning Jobs Read more... -
Chartered Financial Planner - Staffs - £80k-£100k
Financial Planning Jobs Read more... -
Paraplanner - Cheshire - £35k-£50k
Financial Planning Jobs Read more...
This is a selection of jobs from our new Financial Planning Jobs site - for more job vacancies click on any job or the link below.
Financial Planning Jobs https://jobs.financialplanningtoday.co.uk/