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Lehman to sell private equity business11/09/2008. Source: AltAssets. 
 Ailing US investment bank Lehman Brothers has confirmed that it will sell a 55 per cent stake in its investment management unit, including Lehman Brothers Merchant Banking.
The bank just reported a $3.9bn quarterly net loss.
Reports have suggested that private equity groups including Kohlberg Kravis Roberts & Co. are interested in buying the assets.
Lehman Brothers closed its Lehman Brothers Merchant Banking Partners IV fund on $3.3bn in 2007.
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