BasePoint Capital takes International Personal Finance private for £543m

On 4th August 2026, the scheme of arrangement under which IPF Parent Holdings Limited ("Bidco"), a vehicle backed by New York-based BasePoint Capital LLC, acquires International Personal Finance plc (IPF) becomes effective, completing a deal first agreed on 24 December 2025. IPF shareholders receive 250 pence per share (235p cash consideration plus a 15p special dividend), valuing IPF at approximately £543 million. IPF's shares were suspended from the LSE on 4 August and delisting was expected to take effect by 5 August 2026. This is a completion event within the last 24-48 hours, not a brand-new announcement.

International Personal Finance plc is a Leeds-headquartered provider of home credit and digital consumer loans to underbanked customers, operating across roughly nine markets through three divisions: European Home Credit, Mexico Home Credit, and IPF Digital. BasePoint Capital LLC is a New York-based specialty finance and asset-based direct lending platform that provides secured financing to consumer and commercial credit originators. BasePoint Capital LLC is not a conventional buyout private equity house. It is a specialty lender.

The acquisition was implemented by a Court-sanctioned Scheme of Arrangement under Part 26 of the Companies Act 2006, the standard UK mechanism for a recommended, board-backed takeover of a public company, as opposed to a contractual takeover offer. The Scheme was sanctioned by the High Court on 31 July 2026 and became effective on 4 August 2026 following delivery of the Court Order to the Registrar of Companies.

Addleshaw Goddard LLP acted for IPF, and White & Case LLP acted for BasePoint and Bidco. Stephens Europe Limited and Peel Hunt LLP acted as the financial advisers to IPF, while Jefferies International and Deutsche Bank advised BasePoint/Bidco.

This is a take-private of a listed UK consumer-credit lender by a specialty firm rather than a traditional buyout investor. IPF is a logical target for BasePoint, as BasePoint's core expertise is specialty finance and asset-backed lending. It understands businesses whose main economic asset are loan receivables and the cash flows produced by those receivables. IPF is a good fit as it is a large, established credit-origination platform. BasePoint is also buying the platform on top of the loan book. IPF has approximately 1.7 million customers across nine markets around completion. Its value therefore also lies in the infrastructure that creates and services them. That infrastructure includes local distribution networks, digital lending technology, underwriting models, customer-payment data, regulatory licences and knowledge of local credit markets. Building these capabilities from scratch in several countries would be slow and expensive. By acquiring IPF, BasePoint obtains them immediately.