Fiordland increases stake in IFG

The investment vehicle that made a counter-approach for pensions advisory firm IFG last year increased its stake in the company last week to nearly 24 per cent.

26th May, 2012

The investment vehicle that made a counter-approach for pensions advisory firm IFG last year increased its stake in the company last week to nearly 24 per cent.

Fiordland Investment, the private equity fund backed by Pension Corporation founder Edmund Truell, bought another 1 per cent of IFG last Tuesday, continuing a programme of accumulation going back to a takeover approach by Bregal Capital that was abandoned last September. The stakebuilding raises the possibility that Fiordland may...

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