Apollo makes offer for BHF Bank

Several investors have expressed an interest in the sale of BHF Bank, which is valued at €600m. Liechtenstein-based LGT Bank was also linked to the deal, and is reported to have placed a bid of more than €300m.

In August this year, Permira was reported to be interested in the sale, although it is no longer thought to be in the running.

BHF Bank specialises in asset management and investment banking. Deutsche Bank acquired BHF when it took over Sal Oppenheim earlier this year.

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• Topics
• Financing
• DACH
• Buyouts
• Apollo Management