Deutsche Bank to offload Sal Oppenheim private equity funds
Deutsche Bank is looking to sell Sal Oppenheim's private equity fund portfolio, with an estimated value of $500m-1bn according to reports.
The portfolio mostly consists of US and European buyout funds, and could also include VCTs. Deutsche Bank and Cogent Partners, rumoured to be an intermediary in the deal, declined to comment at this stage.
Deutsche Bank acquired Sal Oppenheim Group earlier this year for €1bn, including its private equity wing. The company is now being restructured to focus on its wealth management activities.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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