Yarra Capital, the equities and fixed income business founded by veteran fund manager Dion Hershan , is in late-stage discussions to sell to Canadian banking giant RBC’s sprawling asset management division.
RBC BlueBay Asset Management, which manages some $US598 million ($858 million), has seen off rival suitors and is expected to sign on the dotted line in the coming week, four people with knowledge of the negotiations said. It comes after Yarra’s private equity backer, TA Associates, last year hired Goldman Sachs to find a buyer after a decade on Yarra’s register.
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