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Goldman chases stake in £700m financial advice platform Nucleus

March 11, 2022

Via: Sky News

Sky News understands that one of Goldman’s private equity funds is among four suitors for a stake in Nucleus that will value the business at about £700m.

City sources said on Friday that the other bidders were Centerbridge Partners, GTCR and HPS.

The deal will involve Epiris, Nucleus’s existing private equity backer, reducing its stake in the company.

Nucleus is the UK’s fifth-largest platform for financial advisers, behind the likes of Quilter and Aegon.

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