By Lucinda Kemeny, Financial Mail on Sunday, London Knight Ridder/Tribune Business News
Jan. 23--Duke Street Capital, the private equity firm, has started exclusive talks to buy Hogg Robinson's employee benefits consultancy for about [pounds sterling]120 million.
The business is made up of two divisions -- pensions administration and employee benefits. Paymaster, the pensions business, manages the pensions of more than two million people.
Duke Street is believed to be keen to boost the pensions expertise in its portfolio.