IPF Set for Acquisition by IPF Parent Holdings in £543 Million Deal

International Personal Finance Plc (IPF) is poised to be acquired by IPF Parent Holdings Limited (Bidco), a newly formed entity within the BasePoint Capital LLC group. The recommended cash acquisition values IPF at approximately £543 million, excluding a potential final dividend.

Under the terms, IPF shareholders will receive 235 pence per share in cash. Eligible shareholders may also retain a final dividend of up to 9 pence per share, expected to be declared on February 25, 2026.

The offer represents a premium of 31.1% over the closing price on July 29, 2025. When compared to volume-weighted average prices, the premium rises to 45.3% over three months, and roughly 62% over both six and twelve-month periods.

The acquisition is planned via a court-sanctioned scheme of arrangement. However, Bidco retains the option to proceed with a takeover offer.

Bidco believes IPF has a robust business model and plays a vital role in providing financial services to underserved populations. They also emphasize the potential to enhance IPF's customer offerings via new products and expansion into new markets under private ownership.

BasePoint intends to further develop “Invisibles”, IPF's flagship community initiative. BasePoint's expertise in financial services, they believe, will accelerate IPF's transformation.

The IPF Directors, advised by Stephens, consider the acquisition terms fair and reasonable. They intend to unanimously recommend shareholders vote in favor of the scheme.

The IPF Board initiated a review of options to enhance its market valuation after an approach by BasePoint in November 2024. The Board believes the acquisition allows shareholders to realize the full value of their investment.

The acquisition faces risks due to global macroeconomic uncertainty, competitive forces, and regulatory changes. The Board also recognizes risks associated with executing its strategy independently.

BasePoint has extended over $13 billion in committed financings since 2011. This further solidifies their position as a major player in the consumer financial services sector.

The deal is conditional on regulatory clearances in several countries, including Poland, Hungary, Lithuania, Estonia, and Romania. Antitrust clearances are also required in Poland and Mexico, alongside foreign investment clearance in Romania.

The acquisition is expected to be completed in Q3 2026, pending shareholder approvals and regulatory conditions.

Eric Schneider, CEO of BasePoint, stated, “IPF is a business we've followed for some time and have been consistently impressed by its positioning across nine different geographies as a leading provider of credit to underbanked and underserved individuals.”

Stuart Sinclair, Chair of IPF, commented, “The IPF Board has been considering its options to ensure that the market value better reflects the business's opportunities and prospects, having consistently traded at a substantial discount to comparable international businesses over the past ten years.”