A handful of large global buyout firms are reported to have put in bids for Dutch bank Rabobank’s asset management arm Robeco, in a deal that could see the €2bn-plus business split in two.
The bank received bids from a consortium of Advent International and CVC, as well as a second bid from Permira and Boston-based asset manager AMG, which have teamed up to split the company’s US and European units.
A third bid was received from Japanese financial services firm Orix, Reuters reported.
Rabobank put Robeco up for sale early this year after the company lost its triple-A credit rating from Standard & Poor’s and faced stricter capital rules under European regulation, the report said.
Macquarie is also interested in Robeco, but it is unclear if it has made a formal bid, the report added.
Rabobank has told potential buyers that it wants to sell the business whole.
Robeco had €186bn euros of assets under management at the end of July.
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