Och-Ziff backs bid for Whitehead Mann

Och-Ziff, a US hedge fund manager with a multi-billion dollar European fund, has provided its financial support for a possible bid for UK recruitment firm Whitehead Mann.

The firm is backing a management team that has made an approach to Whitehead Mann, according to a source close to the situation. Och-Ziff may take equity in an eventual buyout, restrict itself to providing a debt investment or provide debt and equity.

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