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Capita leads chase to buy Bluefin

Capita has emerged as the favourite to buy Bluefin Advisory Services, according to The Sunday Times.

The report says that Capita has seen off interest in Axa’s advice business from several private equity bidders.

Axa confirmed it had appointed Fenchurch Advisory Partners last November to assist in the sale of Bluefin Advisory Services. Bluefin Insurance Group was not part of this review. Bluefin has more than 2,000 employees across 60 offices in the UK.

Initial reports said the business could be sold off for up to £100m. However The Sunday Times article says the business could fetch between £50m and £70m.


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There are 7 comments at the moment, we would love to hear your opinion too.

  1. Capita needs to forget acquisitions and pay its responsibilities for Arch Cru!

  2. Agree, if they have £75m to spare they they should put it in the pot, which is more than some AC clients will have to use!!

  3. Like others thought that Capita had no money over & above the donation that they were giving for non admission of liability! Rats & Smell come to mind, Funny that Mr Sants is exiting stage left!

  4. Has anyone considered that the division of Capita which is looking to acquire Bluefin is unlikely to be Capita FM? If so, then the Arch Cru argument/comments are entirely irrelevant.

  5. Capita hived off the ACD liability in it’s business within Capita FM, whilst for marketing purposes they gave statements that Capita as ACD had the full backing of the Capita group, this is not the case. The FSA report of the 13th March 2012 on Host ACD’s refers to lack of Capital and supervision within Host ACD’s following recent investigations. As part of the due dilligence process an adviser should now not only consider the attributes of the fund/manager but must also do sufficient due dilligence on the ACD otherwise the adviser may become liable for losses and off mandate investments made by the fund manager.

  6. If the division of Capita which is looking to acquire Bluefin is not Capita FM, then the Arch Cru argument/comments are entirely irrelevant.

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