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Blackstone, TPG vie for U.S. fund administrator Standish -sources

Buyout houses including Blackstone Inc. and TPG Inc. are evaluating competing bids for a U.S. fund administrator, in a deal that may value the company at as much as $1.7 billion, two people familiar with the matter told Reuters. Boston, Massachusetts-based Standish Management, a service provider to the buyout industry, has been working with advisers at Morgan Stanley to bring in a private equity backer, said the people, who spoke on condition of anonymity. Blackstone and TPG are reviewing whet...
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Source: yahoo.com

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