The founder of one of Britain's biggest privately held consumer finance groups is in talks about the sale of a minority stake that would yield a windfall worth hundreds of millions of pounds.
Sky News has learnt that Together Financial Services, which specialises in areas such as mortgage lending and auction finance, has asked private equity firms to submit indicative offers this month that are likely to value it at more than £1.5bn. Sources said that Cinven was among the buyout groups expected to submit an offer, while Warburg Pincus is also understood to have expressed an interest.Mr Moser, who established the company in 1974, is thought to value Together at between £1.7bn and £2bn, although it was unclear this weekend whether any of the bidders would meet his expectations.