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

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

Rating:Is Bank Ready to Sell its $48B Asset Arm? Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, March 04, 2013

Is Bank Ready to Sell its $48B Asset Arm?

News summary by MFWire's editors

Maybe the third time is the charm.

Reuters reports that SunTrust Banks Inc. has found three private equity firms interested in buying the regional bank's RidgeWorth Investments arm.

According to the newswire, the purported price for the asset manager would be between $250 and $300 million.

The newswire reports that this is the bank's third such try in three years to find a RidgeWorth buyer.

The prospective bidders include New York-based Lightyear Capital and Crestview Partners, and Chicago-based Thoma Bravo, LLC, said the sources.

Last month, Crestview partnered with the employees of Victory [profile] in a $246 million buyout from KeyCorp.

Read more on this development in Reuters.  

Edited by: Tommy Fernandez


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

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use