Financial Advisor
International Personal Finance plc
M&A Advisory
Proposed Takeover By
Transaction Details
On 24 December 2025, the boards of IPF Parent Holdings Limited (“Bidco”) and International Personal Finance Plc ("IPF") announced that they have reached agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued ordinary share capital of IPF (the “Acquisition”). Bidco is a wholly-owned subsidiary of BP PMKN LLC, an entity in the BasePoint Group.
The Acquisition is subject to, among other things, approvals of the IPF Shareholders, the sanction of the Scheme1 by the Court and other conditions (including various regulatory clearances in the jurisdictions that IPF operates).
About the company
International Personal Finance plc
IPF is a leading international financial services provider, headquartered in Leeds, West Yorkshire, UK. IPF is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. IPF specialises in delivering unsecured consumer credit and value-added services to underserved consumers across nine markets: Poland, Hungary, Romania, Czech Republic, Mexico, Australia, Latvia, Lithuania, and Estonia. Through its diversified product suite, including home credit, digital instalment loans, credit cards, retail credit, digital credit lines, and a mobile wallet, IPF responsibly serves approximately 1.7 million customers.
BasePoint Capital LLC
BasePoint is a leading provider in the United States of asset-based financing and liquidity to select specialty finance companies. BasePoint's borrowers primarily comprise originators of unsecured consumer receivables and originators of small business loans and providers of merchant cash advance solutions. BasePoint Vehicles2 have extended over $13 billion in committed financings since 2011.
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Source: Company Rule 2.7 announcement
Note: (1) the proposed scheme of arrangement under Part 26 of the Companies Act between IPF and the holders of the IPF shares in connection with the Acquisition, with or subject to any modification, addition or condition approved or imposed by the court and agreed by IPF and Bidco, (2) BasePoint branded private funds managed or advised by BasePoint Advisors (a Delaware limited liability company), special-purpose subsidiaries of BasePoint and other entities, vehicles and structures owned or controlled by BasePoint.This material has been prepared solely for informational purposes as of its stated date. It is not a solicitation, recommendation or offer to buy or sell any security and does not provide information on which an investment decision to purchase or sell any securities could be based. It does not purport to be a complete description of the securities, markets or developments referred to in this material. All information and data included in this material has been sourced from company announcements and other sources cited in this material, but Stephens has not independently verified such information and does not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information remains current at any time after the date of preparation of this material. Stephens does not undertake to advise you of any changes in any such information. Additional information is available upon request.
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