Duff & Phelps sold in £1.3bn deal
Corporate finance firm Duff & Phelps has been bought for $1.75bn (£1.3bn) by global investor Permira.
The firm has three UK offices, in London, Manchester and Birmingham, which forms part of its worldwide network of 70 offices. It employs around 2,000 people worldwide.
Investors who are exiting include The Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents, and Pictet & Cie. The transaction is expected to close in the first quarter of 2018.
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