Epiris-backed James Hay Holdings, a platform for retirement wealth planning, agreed to acquire Nucleus Financial Group, a provider of financial services, from Sanlam, a diversified financial services group, for $200m. "The combination of the James Hay and Nucleus businesses is a compelling opportunity to create one of the largest adviser platforms in the UK wealth management sector. We are delighted to be supporting James Hay on this acquisition, a transaction which not only is transformational for the business, but also will deliver significant benefits to both James Hay's and Nucleus' advisers and clients. Following the acquisition, we believe the combined group will be well positioned to take advantage of further growth opportunities as the market continues to evolve," Bill Priestley, Epiris Chief Investment Partner.