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.

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