23rd Sep 2026 12:13
(Alliance News) - Pollen Street Group Ltd on Wednesday said it is considering its strategic options, including the possibility of the group being taken over.
In response, shares in the London-based asset manager leapt 12% to 915.00 pence each in London on Wednesday for a market value of about GBP540 million.
Responding to a report by Reuters, Pollen Street noted that while multiple strategic options are being assessed, "one such possibility is for the company to be taken private".
Preliminary discussions have started with a limited number of third parties to "establish their suitability as a strategic partner and whether they might be interested in making a possible offer for the company", the FTSE 250 listing said in a statement.
Talks are at a "very early stage and remain ongoing", Pollen Street said. As a result, it is now in an 'offer period' as defined under City takeover rules.
Reuters reported that potential buyers include mid-sized private equity firms as well as existing shareholder Wafra Inc, which bought a minority stake in the business in 2020 through its investment platform Capital Constellation LP. Gustavo Cardenas, a managing director of Wafra, became a Pollen Street non-executive director in 2022.
By Jeremy Cutler, Alliance News reporter
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