Former Gartmore investor approached to back OMGI MBO - reports

Deal could be worth £550m

OMGI CEO Richard Buxton

OMGI CEO Richard Buxton

Former Gartmore owner and US private equity firm Hellman & Friedman has been approached about backing a buyout of Old Mutual Investment Management from parent Old Mutual Wealth.

Hellman & Friedman is among a number of parties in talks with OMGI as it attempts to spark interest in the business' auction, according to Sky News. A potential deal would see CEO Richard Buxton lead...

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