Open GI shareholder looking at sale options – report

Partners meeting to review business options

Open GI’s majority shareholder is targeting a sale of the business in the second quarter of 2023, according to Reuters.

Sources told the news outlet that private equity house Montagu has been working with advisers on a strategic review of the business.

Related Open GI in MBO Turnover down but profit up at Open GI for 2022 Open GI eyes pay-as-you-go market after Love Your Miles partnership move

Montagu wants to monetise its investments following a revamp of its technology portfolio, according to the report.

Montagu backed a management buyout of the Worcester-headquartered

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