Private equity firm Inflexion is reported to be preparing a takeover bid for Seven Investment Management (7IM) as part of an auction of the boutique asset manager.
London-listed Caledonia Investments has owned 7IM since 2015 and, according to media reports, is looking to sell in a formal process that could begin next month.
At the time, Caledonia paid around £100 million for 7IM.
In a portfolio update published this morning (11/04/2023), Caledonia said 7IM cont...