(a newly incorporated company indirectly controlled by funds managed by Flexpoint Ford, LLC) to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 Publication and posting of Supplemental Scheme Document On 25 January 2021, it was announced that the board of Cortina Bidco Limited ( Bidco ), a newly incorporated company indirectly controlled by funds managed by Flexpoint Ford, LLC ( Flexpoint ), and the Independent Directors of AFH Financial Group Plc ( AFH or the Company ) had reached agreement on the terms of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of AFH (the Acquisition ). The Acquisition is to be implemented by way of a Court-approved scheme of arrangement (the Scheme ).
Flexpoint Ford Announces Recommended Offer for AFH Financial Group plc
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NEW YORK and LONDON, Jan. 27, 2021 /PRNewswire/ Flexpoint Ford, a private equity investment firm specializing in the financial services and healthcare industries, announced that it has entered into an agreement to acquire AFH Financial Group plc ( AFH ), a leading UK financial planning-led wealth management firm. We believe that the UK wealth management market is currently undergoing an important transition, as regulatory and demographic trends are driving increasing demand for high quality financial advice that can be met by IFA firms with a long-term and client-centric view. In addition, the market is highly fragmented, which provides an opportunity to service customers better and create value through consolidation,