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Jupiter management set for buyout

IFAs are welcoming the prospect that Jupiter&#39s senior management team may be considering a management buy-out rather than rely on parent Commerzbank to find a suitable buyer.

According to recent reports the German bank, unable to find a buyer other than Jupiter and New Star Asset Management founder John Duffield, willing to meet its £500m price tag, had sought out American venture capitalists to attempt to reach a deal.

But IFAs are concerned about such a move, saying often venture capitalists are only interested in a quick profit rather than the long term viability of an investment.

They believe a much better option would be for managing director Edward Bonham Carter to lead an MBO.

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