FYI: (This Is A Follow-Up Article.)
Investment manager Russell Investments has reportedly hit the auction block just three years after it was acquired by private equity firms TA Associates and Reverence Capital Partners.
While the Financial Times reported Tuesday that the two have hired Goldman Sachs to explore a sale of the $293 billion asset manager, it remains uncertain who could scoop up the firm.
In a telephone interview with Institutional Investor, Fitch analysts Nathan Flanders, global head of non-bank financial institutions, and Evgeny Konovalov, director of financial institutions, took a stab at predicting what’s next for the firm.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1j3qqnkddgrqx/Who-Could-Be-a-Buyer-for-Russell-Investments
