ZCG Said to Compete With Liontrust for Swiss Asset Manager GAM

Z Capital Group affiliates have expressed interest in acquiring Swiss asset manager GAM Holding AG, according to people with knowledge of the matter.

The affiliates of the New York-based firm, which does business as ZCG, are discussing paying roughly 110 million Swiss francs ($123 million) for the company, said one of the people, who asked not to be identified because the talks are private. The discussions could end without an agreement, the people said.

While GAM has discussed ZCG’s proposal, it’s currently more focused on negotiations with another potential buyer, Liontrust Asset Management, one of the people said. ...