Inactive Instrument

MJ Hudson Group plc

MJH

JE00BJTLYP93

MJ Hudson sells data and outsourcing units for GBP40 million

April 11, 2023 at 11:42 am EDT

MJ Hudson Group PLC - London-based asset-management consulting company - Agrees to sell its Data & Analytics and Business Outsourcing Divisions - substantially all of its remaining operating divisions - to Apex Group in a cash deal worth GBP40 million. Says proceeds will be used to reduce debt and it is highly unlikely that there will be a substantial, or any, amount available to shareholders following payment of all creditors and costs. Plans to seek shareholder approval to cancel shares on AIM which, if approved, is expected to occur on May 12. Intends to notify the Solicitors Regulation Authority of the proposed closure of its legal business.

Current stock price: Suspended in December

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about MJ Hudson Group plc

MJ Hudson sells Data & Analytics arm; plans share cancellation	23-05-17	AN
Apex Consolidation Entity Ltd completed the acquisition of Data & Analytics and Business Outsourcing Divisions from MJ Hudson Group plc.	23-05-15	CI
MJ Hudson sells data and outsourcing units for GBP40 million	23-04-11	AN
MJ Hudson to Divest Remaining Operating Divisions to Apex Group, Delist on London's AIM	23-04-11	MT
Britain's MJ Hudson sells data & analytics, business outsourcing units for $49 million	23-04-11	RE
Apex Group Ltd. agreed to acquire Data & Analytics and Business Outsourcing Divisions from MJ Hudson Group plc for £40 million.	23-04-10	CI
MJ Hudson delays interim results as audit woes continue	23-03-31	RE
MJ Hudson’s Tower Gate Capital Sells UK Fund Management Arm	23-03-10	MT
MJ Hudson sells UK Fund Management business to directors	23-03-10	AN
William Roxburgh and Michael Booth entered into a conditional agreement to acquire FMS Business from MJ Hudson Group plc for £1 million.	23-03-09	CI
MJ Hudson signs additional GBP1.8 million loan agreement	23-03-07	AN
Apex Group Eyes Acquisition of Embattled MJ Hudson's Divisions	23-02-26	MT
MJ Hudson signs GBP1.5 million loan amid "lost trust"	23-02-24	AN
MJ Hudson Secures Short-term Overdraft Facility	23-02-24	MT
MJ Hudson Group Founder Resigns as CEO	23-02-15	MT
MJ Hudson Founder Matthew Hudson resigns as CEO amid "lost trust"	23-02-15	AN
MJ Hudson CEO Matthew Hudson steps down	23-02-15	RE
MJ Hudson Group plc Announces Resignation of Matthew Hudson, the Group CEO	23-02-15	CI
FTSE 100 edges back toward recent record high	23-02-13	AN
Stocks firm, pound soft ahead of week of UK data	23-02-13	AN
MJ Hudson auditor Ernest & Young quits on "lost trust" in management	23-02-13	AN
Kape Technologies gets offer; MJ Hudson auditor quits	23-02-13	AN
MJ Hudson Says Auditor Resigned Amid Loss of Trust, Confidence in Management	23-02-13	MT
Asset Management Consultancy MJ Hudson's Auditor EY Resigns Amid Auditing Crisis	23-02-12	MT
Inflexion Private Equity In Talks To Buy Portion Of MJ Hudson Business	23-01-16	MT

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Company Profile

MJ Hudson Group plc is a Jersey-based end-to-end solutions provider to the asset management industry. The Company's principal activity is acting as an independent advisory and infrastructure business, serving fund managers, investors and advisers active in private equity, venture capital, hedge, credit, real estate and infrastructure. It owns three full-scope AIFM management platforms for fund managers in the United Kingdom, Luxembourg, and Ireland. The Company's Advisory segment provides legal and investment consultancy services for alternative asset management and investors across all areas of the alternative investment industry. Its Outsourcing segment includes the provision of all key front, middle and back-office functions, including portfolio management, risk management, fund and corporate administration, accounting and fiduciary services, and regulatory consulting. Its Organic investments segment includes Luxembourg services, fund administration and regulatory consulting.

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