Permira joins race for BHF Bank

Permira joins other private equity investors looking at acquiring the bank, including Kohlberg Kravis & Roberts and Apollo Management. LGT Group, BNP Paribas Julius Baer, UBS and Vontobel Holding are also understood to be in the race for the bank.

It is understood that BHF Bank's wealth-management unit is an attractive feature of the purchase, fuelling expectations of the bank being broken up as the negotiations progress. However, the vendor is reportedly keen to sell the bank to a buyer that is not looking to break up the assets.

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• Topics
• Financials
• DACH
• Buyouts
• Apollo Management
• BNP Paribas
• KKR
• Permira