New York-based fund administration group Gen II Fund Services, which is backed by Hg and General Atlantic, is exploring a potential sale that could value the business at up to $6bn, according to a report by the Financial Times citing unnamed market sources.
The company’s owners are understood to be in early-stage discussions regarding a possible transaction later this year. No formal sale process has been launched and advisers have yet to be appointed, with timing and structure still subject to...
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