Hellman Friedman

Deal could be worth £550m

Neptune and Martin Currie are the latest asset managers to be linked with troubled group Gartmore, with rumours suggesting the pair have expressed an interest in acquiring a stake in the firm.

Gartmore has confirmed it intends to float on the London Stock Exchange next month.

Lloyds is set to choose a buyer for its Insight Investments operations within weeks, having reportedly received five binding offers from firms including Schroders and Gartmore owners Hellman & Friedman.

It has just been confirmed Gartmore Investment Management has been sold to US private equity firm Hellman & Friedman for an undisclosed sum.