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Private equity firm revives Tilney and S&W merger
Combined business will be responsible for approximately £44bn in assets under management
Legal & General exits Indian life venture with £45m profit
Legal & General Group is to sell its 26% stake in IndiaFirst Life Insurance to private equity firm Warburg Pincus.
Private equity firms eye Old Mutual’s wealth arm
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
Unicredit and Santander to merge AM units
Italy’s UniCredit and Banco Santander of Spain have agreed to merge their asset management units in a deal which will create one of Europe’s biggest fund groups.