Published Date:
06 July 2009
PRIVATE equity houses Hellman & Friedman and TA Associates are eyeing a possible acquisition of Insight, the fund management arm owned by Lloyds Banking Group, reports have claimed.
It is understood that the private equity firms have had access to Insight's books, suggesting they are the leading contenders for an acquisition of what was formerly seen as a core HBOS business.
Around £70 billion of Insight's £116bn assets are up for sale. Bids of up to £300bn are expected for the assets.
-
Last Updated:
05 July 2009 8:52 PM
-
Source:
The Scotsman
-
Location:
Edinburgh
