Sanne
Sanne board to recommend Apex offer
Should Apex make a firm offer, Cinven would have to significantly up its own bid for the fund administrator
Sanne board rejects fourth Cinven offer
Latest proposal offers 850 pence per share, a small uptick on the 830 pence offered earlier
Sanne rejects Cinven's £1.3bn offer
Cinven's proposal amounts to 830 pence per share, representing a 37.6% premium to Sanne's shares price of 603 pence
Sanne sells private client business to JTC for up to £12m
Proceeds from the sale will be used to reduce the firm's debt and will have a small impact on earnings
IAG's Martin Scott joins Sanne
Scott, who was previously director of IAG's PE business, is now head of Guernsey at Sanne