View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
December 10, 2008

New Star eyes potential buyers

By Spear's

New Star Asset Management has confirmed “a number of expressions of interest from third parties” looking to buy the business.

New Star Asset Management, which agreed to hand around a 75 percent stake in the business to its banking syndicate in return for writing off £240 million of debt last week, has confirmed “a number of expressions of interest from third parties” looking to buy the business.

It has also suggested the potential moves by interested parties could be an alternative to the debt-for-equity swap, which spelt pain for existing shareholders, including New Star fund managers, whose interest would be all but diluted away with the banks support.

For further details visit thewealthnet

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network