Investment trust Caledonia Investments is rumoured to be looking to offload UK-based Seven Investment Management (7IM).
According to Sky News, Caledonia is expected to kick off an auction for the business in the autumn of 2022. It eyes around £400m ($501m, €468m) for the business.
The firm bought 7IM in 2015 for £100m.
This comes months after 7IM reportedly declined a takeover offer by Brooks Macdonald for £300m.
Caledonia has also reportedly hired investment bank Evercore Partners to oversee the sale process, which could be delayed depending on market conditions.
7IM, Caledonia Investments and Brooks Macdonald all declined to comment when approached by International Adviser.
