A London-based financial services consultancy, Alpha Financial Markets Consulting (Alpha FMC), has recently received takeover interest from private equity firms, sources have revealed. Among the firms interested in acquiring Alpha FMC are Bridgepoint, Cinven, and New Mountain Capital.
Although it is unclear if negotiations are currently taking place, or if a deal will be reached, these private equity firms have expressed interest in acquiring the company. As of Wednesday, Alpha FMC has a market valuation of £380m, and with a typical takeover premium included, potential offers could value the company at around £500m.
Alpha FMC competes with consulting arms of the big four accountancy firms, as well as other notable companies such as Accenture and IBM. With over 900 consultants worldwide, the company has established itself as a leading player in the financial services consulting industry.
However, in the past 12 months, Alpha FMC’s shares have dropped by more than 25%, which may have made it a more attractive target for potential buyers. When reached for comment, a spokesperson for Alpha FMC declined to provide any information.
Similarly, Bridgepoint and Cinven also chose not to comment on the matter, while New Mountain Capital could not be reached for a statement on Wednesday morning. This news comes as the latest in a series of takeover interests in London-listed companies by private equity firms.
