has just reported
is considering three bids for Robeco
, and AMG Inc.
] is one of them.
Reporters Simon Mead and Jessica Toonkel say that the two other bids are from a PE consortium made up of Advent International
and the Japanese firm Orix
AMG has bid in partnership with European PE firm Permira
and "plans to split up the business" if they win the bid, write Mead and Toonkel.
Spokeswomen for both Robeco and AMG declined comment to MFWire
The newswire reports that Robeco was initially valued at less than 2 billion euros, but an unnamed source now thinks that the price could reach 3 billion.
If AMG and Permira win the bid, Toonkel and Mead think that AMG could take Robeco's U.S. businesses, which include Harbor Capital Advisors
and Robeco Investment Management
, while Permira would adopt its European operations, like Corestone
and SAM Sustainable Asset Management
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