PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

PraxisIFM completes GBP54m sale of Fund Administration division to Sanne Group

PraxisIFM Group, a global financial services business listed on The International Stock Exchange (TISE), has received regulatory approval to complete the sale of its Fund Administration division to Sanne Group plc, in an all-cash deal totalling GBP54 million. This follows the original announcement of the sale in July.

As part of the terms of the transaction GBP5.5 million of the total consideration will now be held in escrow and is expected to be released in July 2022, subject to certain performance criteria.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured