Wrap platform Nucleus has confirmed press speculation that it is in talks with multiple potential buyers, including rival advised platform Integrafin.
In a regulatory filing at midday, the Edinburgh-based company said it had received separate proposals from both Integrafin and James Hay, which is working in partnership with its associate Epiris on the potential deal.
Additionally, Nucleus is in preliminary discussions with Allfunds and Aquiline Capital Partners regarding potential offers.
The filing said Nucleus’s majority shareholder, Sanlam UK, is “understood” to be supportive of the discussions. Sanlam UK owns 52% of the platform.
Nucleus said a further announcement will be made in due course, as and when appropriate.
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