US's Hellman & Friedman to buy Allfunds Bank, beats bids from China's Legend, others

US's Hellman & Friedman to buy Allfunds Bank, beats bids from China's Legend, others

U.S. buyout fund Hellman & Friedman is nearing a deal to buy Madrid-based mutual fund platform Allfunds Bank SA, after beating bids from rival private equity bidders, Bloomberg reported, citing people familiar with the matter.

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