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Oaktree taps BofA, JPMorgan for potential Utmost IPO

privateequitywire

4 months ago

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Oaktree Capital Management has selected Bank of America and JPMorgan Chase to help arrange a potential London IPO of UK-based wealth solutions provider Utmost Group, according to a report by Bloomberg citing people familiar with the matter.
The two banks were chosen over other Wall Street contenders for a role on the listing, which could reportedly value Utmost at around £2.5bn ($3.3bn). Discussions remain at an early stage and plans could still change. Oaktree is also weighing a potential sale...

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