Specialist investors in second-hand private equity assets are circling Lloyds Banking Group and RBS in anticipation that they will restart auctions of their buy-out portfolios after abortive attempts to sell them last year. So-called secondary private equity groups have told the FT they expect a wave of asset sales by banks worldwide. The groups, including Coller Capital, HarbourVest, Goldman Sachs, Paul Capital, Pantheon and Lexington Partners, have been inundated with offers from cash-strapped investors selling private equity assets that far outstrip their $20bn-$30bn capacity.

This entry was posted by Gwen Robinson on Monday, February 9th, 2009 at 5:37 and is filed under Capital markets, M&A, Private equity. Tagged with Coller, goldman sachs, HarbourVest, Lexington, Lloyds Banking Group, pantheon, Paul, rbs. Edit this entry.