Open GI sale predicted for this year
Industry expects another private equity backer.
Montagu Private Equity, which became the majority shareholder of Open GI in 2014 when backing a management buyout, is looking to sell up and according to one industry expert there are “at least five private equity businesses looking at a bid”.
They added: “I’m pretty sure that they [Montagu] are on the private equity trail and Open GI will be bought by P/E.”
According to the specialist the tender and bidding process remains open as another insurance insider agreed. “It will be this year,” they
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