Private equity firm Cinven is exploring the possibility of selling British asset manager True Potential, which could be valued at several billion pounds. Bloomberg News reports, citing sources.
Cinven, which acquired a majority stake in the company in 2021 at a reported valuation of up to 2 billion pounds, has held initial talks with potential advisers.
True Potential manages more than 40 billion pounds for over 640,000 clients.
The discussions are at an early stage and it is still uncertain whether any deal will materialize.
