Watch Interview With Kansas City Fed President Esther George on Mornings with Maria on Fox Business at 7:30 ET

Dismiss
Reuters

(Reuters)

Morgan Stanley Sells Zenith Parent Company Stake

Features Reuters

Morgan Stanley (MS) has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment.

Continue Reading Below

Morgan Stanley said on Thursday that the sale by its private equity arm came four years after its initial investment in the car fleet manager.