Saturday, 21st November 2009

 

31 March 2009 - Dow Jones Newswires

CVC in exclusive talks with Barclays on iShares

CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business iShares, people familiar with the situation told Dow Jones Newswires on Tuesday.

The price is around £3bn (€3.2bn) and doesn't include the securities lending business, people said.

The deal, expected to be completed by the end of the week, would be a coup for the London-based buyout firm, which entered the auction relatively late in the process.

Other bidders for iShares included a group comprising Hellman & Friedman and Apax Partners and another consortium made up of Colony Capital and Bain Capital. Goldman Sachs is also likely to have put in a bid, people said.

-By Marietta Cauchi and Ragnhild Kjetland , Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

Tags: Barclays , CVC Capital Partners , iShares

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