The Neuberger Berman
saga continues, with Dow Jones
' Marietta Cauchi reporting
that Lehman Brothers
is still taking bids for 55 percent of its asset management arm (which includes Neuberger), even as names like Bank of America
, J.C. Flowers
and the Chinese sovereign wealth fund pop up as possible joint-buyers of all of Lehman. If a complete Lehman sale is really in the works, would a Neuberger-centric deal be put on hold first?
Sources told Cauchi that there are five bidders for Neuberger so far, in advance of Friday's deadline, including some private equity firm bidders who may look familiar to fundsters: Bain Capital
, Clayto Dubilier & Rice
, Hellman & Friedman
and Kohlberg Kravis Roberts
, September 4, 2008). And on Thursday fund industry consultant Burt Greenwald
told Dow Jones that Goldman Sachs
might make sense as buyers, too (see MFWire
, September 12, 2008).
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