CIBC, buyout firms circle Russell Investments - Reuters
Canadian Imperial Bank of Commerce, the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, sources told Reuters. CVC Capital Partners Ltd and Silver Lake have teamed up to pursue Russell, as have Warburg Pincus LLC and TPG Capital LP. Northwestern Mutual Life Insurance Co, which owns Russell, is hoping to find a buyer for both the firm's investment management and indexes businesses for as much as US$3 billion.
23 April 2014•2 mins read
