Reported about 4 hours ago
HPS Investment Partners is considering selling Nucleus Financial Platforms, a UK-based financial advice platform, with potential valuations reaching around £1.5 billion. The company has seen significant growth, with a 48% increase in core profits in 2023 due to rising consumer demand and market consolidation. Nucleus administers over £100 billion in assets and serves 250,000 financial advisers. While discussions are ongoing, details remain confidential as the sale preparations are in early stages.
Source: YAHOO