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International Personal Finance PLC on Monday said it has agreed a £543 million all-cash takeover by BasePoint Capital LLC, with the acquisition expected to complete in the third quarter of 2026. Under the terms of the offer, IPF shareholders will receive 235 pence in cash for each share, valuing the provider of credit products and insurance services at around £543 million. IPF shares closed at 220.00p on Wednesday, giving it a market capitalisation of £483.6 million. Shareholders will also be entitled to receive a final dividend of up to 9 pence per share in respect of the financial year ending December 31. The offer represents a premium of around 31% to IPF’s closing share price of 179.2 pence on July 29, the last trading day before the company entered an offer period. The agreed offer follows a series of approaches from BasePoint earlier this year. In September, IPF said it had received an improved indicative proposal of 235 pence per share, raised from an initial 220p approach made in July, and indicated at the time that its board would be minded to recommend the offer if a firm bid were made. The bid will be implemented by IPF Parent Holdings Ltd, a newly formed vehicle within the BasePoint, via a court-sanctioned scheme of arrangement, although the bidder has reserved the right to switch to a takeover offer. IPF’s board has unanimously recommended the offer, and completion of the acquisition is subject to shareholder approval. Chair Stuart Sinclair said: ‘Whilst the board continues to believe in the strategy and long-term prospects of IPF on a standalone basis, we recognise that the acquisition allows IPF shareholders to monetise their entire investment for cash at a fair price. We believe that the business will benefit from BasePoint’s ownership and its commitment to fulfil IPF’s purpose of building a better world through financial inclusion.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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