Alpha Financial Markets Consulting PLC on Thursday announced that the High Court of England and Wales has approved a takeover bid of the company by Actium Bidco Ltd.
In June, the London-based specialist consultancy services to the financial services industry had agreed to the £626 million bid offer by Actium Bidco, an indirect subsidiary of Bridgepoint Advisers Ltd, itself part of Bridgepoint Group PLC.
Bridgepoint Group is a private asset investor with €61 billion of assets under management, specialising in private equity, private credit and infrastructure.
The acquisition is expected to take effect August 19.
Shares in Alpha Financial closed up 0.1% at 504.50 pence in London on Thursday.
Bridgepoint shares closed up 1.6% at 301.80 pence.
Copyright 2024 Alliance News Ltd. All Rights Reserved.
