Firms say ‘now is not the right time to combine the businesses’
Private client firms Praxis IFM and Oak Group have stopped discussions on a potential merger.
Oak Group used a “particularly unpredictable global economic backdrop” as one of the reasons for calling off the deal, but added that it will continue to “seek value-enhancing transactions” in the future.
Stuart Platt-Ransom, chief executive at Oak, said: “This is a disappointing denouement for a period of close negotiation.
“Oak will however continue to concentrate on delivering its leading client offering and services while developing into a world-class enterprise with strong operational and leading people strategies.”

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