Former Gartmore investor approached to back OMGI MBO - reports

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 a buyout of the division's single-strategy operations, which could see the unit being valued somewhere in the region of £550m. Old Mutual Wealth splits £16bn multi-asset business from OMGI Buxton is understood to have previously been in talks with former Jupiter owner TA Associates, about a deal to buy out Old Mutual Wealth's £25bn fund arm OMGI. In response to these earlier reports...