A number of suitors have lined up to buy
Munder Capital [
profile] from
Crestview Partners, according to Jessica Toonkel at
Reuters.
Toonkel reports that the suitors include the following private equity players: a partnership between the
Blackstone Group and
Advent International;
Lightyear Capital,
Genstar Capital and and
Thoma Bravo.
The asset manager also eying Munder is
Pacific Life Insurance, according to Toonkel.
The
Reuters scribe reports that the deal could be valued up to $400 million. Bids are due by mid-September, Toonkel writes. She also reports that
Goldman Sachs has been hired to handle the sale.
Crestview has owned Munder since 2006. News first broke that the PE firm was looking to sell the asset manager in
June.
The Chicago PE shop has been active in the asset management space this year. In February, Crestview took part in
a management buyout of
Victory Capital.
In March, it was
reported that Crestview was mulling a bid for
Ridgeworth Capital[
profile].
 
Edited by:
Tommy Fernandez
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