TOP STORY: Abrdn is considering individually offloading a batch of private equity businesses, which collectively hold about $12 billion of investments, after failing to find a single buyer to acquire the entire portfolio, according to a report by Reuters.
Abrdn is considering individually offloading a batch of private equity businesses, which collectively hold about $12 billion of investments, after failing to find a single buyer to acquire the entire portfolio, according to a report by Reuters.
The report cites an unnamed source as revealing that the UK-based asset manager has been working with advisers at Rothschild & Co to sell the package of businesses spanning Britain, the United States and continental Europe, as part of a plan to boost returns by divesting non-core assets.
In February, Santander Asset Management was reported to be among a small number of suitors interested in acquiring the entire portfolio at a valuation of around £250 million, but a deal has yet to be struck and Abrdn is now considering other options.
