Finance
UK's Ipf Jumps on Basepoint's Sweetened $693 Million Takeover Proposal
Published by Global Banking & Finance Review®
Posted on September 24, 2025
1 min readLast updated: January 21, 2026
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Quick Summary
IPF shares jumped 10% after Basepoint Capital's $693 million takeover proposal, marking a significant premium over previous bids.
UK's IPF Shares Surge on Basepoint's Enhanced $693 Million Bid
(Corrects typo in paragraph 2)
(Reuters) -Britain's International Personal Finance said on Wednesday it received an increased 514.9 million pounds ($693.31 million) takeover proposal from U.S.-based specialty finance group Basepoint Capital, sending its shares up about 10%.
The London-listed lender said its board would be prepared to accept a firm offer at that level, placing IPF among the increasing number of UK companies being acquired amid relatively cheaper valuations.
Under Basepoint’s proposal, IPF shareholders would receive 235 pence per share in cash, a 6.8% increase from a previous bid of 220 pence on July 30.
Shares in the Leeds-headquartered company rose as much as 9.8% to 218.5 pence, the highest since January 2019.
The latest proposal represents a premium of 31.1% to the British company's closing price on July 29, the day before the first approach was made public.
IPF said it would be minded to unanimously recommend the revised proposal to shareholders if Basepoint makes a firm offer by October 22.
($1 = 0.7427 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Mrigank Dhaniwala and Tasim Zahid)
Key Takeaways
- •IPF received a $693 million takeover proposal from Basepoint.
- •The offer represents a 6.8% increase from the previous bid.
- •IPF shares rose nearly 10% following the announcement.
- •The proposal offers a 31.1% premium over previous share prices.
- •IPF's board is inclined to recommend the offer if finalized by October 22.
Frequently Asked Questions about UK's IPF jumps on Basepoint's sweetened $693 million takeover proposal
1What is the amount of Basepoint's takeover proposal for IPF?
Basepoint has made an increased takeover proposal of 514.9 million pounds, which is approximately $693.31 million.
2What is the cash offer per share for IPF shareholders?
Under Basepoint's proposal, IPF shareholders would receive 235 pence per share in cash, representing a 6.8% increase from a previous bid.
3What was the market reaction to the takeover proposal?
Shares in IPF rose as much as 9.8% to 218.5 pence, marking the highest price since January 2019.
4When does IPF expect a firm offer from Basepoint?
IPF stated it would recommend the revised proposal to shareholders if Basepoint makes a firm offer by October 22.
5What premium does the latest proposal represent?
The latest proposal represents a premium of 31.1% to IPF's closing price on July 29, the day before the first approach was made public.
