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Gartmore’s Hellman & Friedman preferred buyer for Insight, say reports

Schroders and Hellman & Friedman, the private equity firm that owns Gartmore, are among five bidders said to have tabled offers for Insight Investment, according to reports.

Reports say Bank of New York Mellon and an unamed bank and privately owned asset management combine also submitted offers for parts of Lloyds-owned asset management business last weekend.

Lloyds is expected to choose one or two preferred bidders for the business within weeks with offers estimated to range between £150m and £250m, according to reports.

Insight chief executive Abdallah Nauphal’s preferred buyer is thought to be Hellman & Friedman.


Critical condition

The recent publicity over the ABI’s revised statement of practice for critical-illness insurance underlines a number of things to me.

Europe: Domestic backdrop & China impact

By Rob Burnett, Head of European Equities In recent weeks equities have been buffeted by two shocks occurring at the same time: China’s devaluation of the renminbi and the prospect of the US Federal Reserve (Fed) raising interest rates. The market is not comfortable with the Fed raising rates at the same time that China […]


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