The Intermediate Capital Group-backed business is among the bargain-hunters circling divisions of the troubled asset management services provider, Sky News understands.
A company owned by the investment firm Intermediate Capital Group is plotting a raid on the data analytics arm of MJ Hudson, the stricken London-listed asset management services provider.
Sky News understands that With Intelligence is among the parties which tabled offers this week for parts of MJ Hudson, which has been forced to suspend its shares amid a probe into its accounts. With Intelligence, which is itself being put up for sale by ICG, specialises in providing data-led insights into the asset management sector.MJ Hudson confirmed in a statement last month that it had"received a number of inbound indications of interest for certain divisions of the business and has engaged advisers Alvarez & Marsal to look at a potential sale of one or a number of its business lines".
The company has parachuted in an interim finance chief following the announcement that it had suspended Peter Connell, the former chief financial officer. MJ Hudson, which floated on London's junior stock market on the day of the 2019 general election, is an asset management consultancy which advises on issues such as sustainability and helping clients to benchmark themselves against their competitors.
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