Finance
UK's IPF agrees to $733 million takeover by BasePoint entity
Published by Global Banking & Finance Review®
Posted on December 29, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 29, 2025
1 min readLast updated: January 20, 2026
IPF agrees to a $733 million takeover by BasePoint, offering shareholders 235 pence per share, a 7% premium on recent prices.
Dec 29 (Reuters) - British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31 deadline.
Under the terms of the deal, IPF shareholders will receive 235 pence in cash per share, the same price that U.S.-based specialty finance group, BasePoint, has suggested in September.
The offer represents a near 7% premium to IPF's latest closing share price on Wednesday of 220 pence, which was also what BasePoint had earlier proposed in July.
Several UK companies are being acquired amid relatively cheaper valuations. While IPF shares have risen nearly 70% in value in 2025, they are still trading far below their peak of 683 pence in 2013.
IPF said on Monday that its directors unanimously intend to recommend the deal, citing the opportunity for shareholders to monetize their investment at a fair value and BasePoint's ability to maximize IPF's growth under private ownership.
($1 = 0.7413 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Nivedita Bhattacharjee)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
In finance, a premium refers to the amount by which the price of a security exceeds its face value or intrinsic value, often used in the context of options or bonds.
A shareholder is an individual or institution that owns shares in a company, giving them a claim on part of the company's assets and earnings.
A takeover is the acquisition of one company by another, which can occur through purchasing shares or assets, often leading to a change in management.
A cash offer is a proposal to purchase a company's shares or assets for cash, as opposed to stock or other forms of payment.
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