Private equity-owned James Hay buys UK rival Nucleus for £145m

Tom Ellis
clock • 3 min read

James Hay has reached an agreement to acquire AIM-listed rival platform Nucleus for £145m. The UK acquisition would create an adviser platform company with £45bn of assets under administration. Nucleus said its medium-term ambition was to re-platform to FNZ technology to align itself with James Hay. Nucleus is currently powered by Bravura technology, while James Hay recently entered into a long-term deal with FNZ. The firms said there would be no technology change for advisers who use either platform in the short-term. Nucleus's board has recommended shareholders vote in favour of ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?