The non-public fairness big Bain Capital is among the many suitors circling Amber River, one in all Britain’s greatest unbiased monetary planning networks.
Banking sources stated the public sale might fetch a value within the area of £900m.
Cash newest: Did Oasis tour affect inflation?
The insiders named Stone Level Capital, a monetary services-focused buyout agency, as one other potential bidder forward of gives due within the coming weeks.
Amber River is headed by Mary-Anne McIntyre, former chief govt of economic adviser community OpenWork.
It has roughly £14bn of belongings below recommendation, and has been constructed by way of a string of acquisitions because it was based in 2019 below the identify Socium Group.
Final 12 months, it struck a £275m debt refinancing take care of Carlyle, the US-based funding big.
The public sale is being dealt with by bankers at Rothschild.
Consolidation has been sweeping the UK’s monetary recommendation sector, with the Metropolis watchdog cautioning corporations to hunt approval previous to signing offers amid a overview of the business.
Bain Capital declined to touch upon Wednesday.
