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RBS sells private equity unit

30 May 2014

eryngium bourgatiiRoyal Bank of Scotland has agreed to dispose of the remaining stake in its private equity unit.

The banking group has agreed to sell its stake in RBS Special Opportunities Fund to an investor consortium led by buyout firm Adams Street Partners, said Bloomberg, citing two people with knowledge of the matter.

The deal valued the stake at around £100m and the Adams Street-led consortium may provide capital for deals, said the sources.

RBS Special Opportunities Fund, which is focused on making debt and equity investments in UK-based businesses, completed a £1.1bn fundraise in 2007.

Back in February it was reported that RBS’ peer HSBC hired Campbell Lutyens & Co to run a potential sale of its direct investment unit.

Earlier in 2014, it emerged that Greece’s national bank was eyeing the sale of its London-based buyout unit NBGI Private Equity in an attempt to raise capital.

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