Private Equity Firms in Battle to Buy Insight ; Lloyds Seeks Quick Sale of Fund Management Arm [Edition 3]

Summary

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PRIVATE equity houses Hellman & Friedman and TA Associates are leading the battle to acquire Insight, the fund management arm put up for sale by Lloyds Banking Group.

Both companies have been granted access to Insight's books and it is understood that a deal could be struck as early as the middle of this month.

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Extract

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Private Equity Firms in Battle to Buy Insight ; Lloyds Seeks Quick Sale of Fund Management Arm [Edition 3]

Lloyds, which acquired Insight when it bought HBOS, is keen to offload it quickly as part of...

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