The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Goldman Sachs Bids $6 Billion for iShares Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 23, 2009

Goldman Sachs Bids $6 Billion for iShares

by: Armie Margaret Lee

Barclays' iShares business has attracted bids of as much as $6 billion, Dow Jones' Marietta Cauchi reported. Goldman Sachs put in a $6 billion bid, while a group led by private equity firm Hellman & Friedman and perhaps including Carlyle Group and Apax Partners, submitted a bid of around $5 billion.

An M&A consultant told The MFWire that Goldman's offer was all-cash.

The difference in values, Cauchi wrote, perhaps stems from the fact that the business is made up of two segments: the core iShares platform and the securities lending business attached. Buyout firms are likely to be drawn to the asset management side due to its steady cash flow, while investment banks like Goldman already have a securities lending arm and are more likely to covet the entire iShares business.

iShares ended February with AUM of $215 billion.

Private equity firm Bain Capital is also said to be eyeing iShares, though it was not clear whether it put in a bid. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use