Back
News

Bidders queue for Deutsche Bank’s RREEF

Macquarie Group, State Street and JP Morgan have all been linked with the sale of Deutsche Bank’s asset management business, which includes the RREEF real estate arm.

Private equity firms including Apax, Aquiline Capital Partners and Ameriprise Financial, which owns Threadneedle, have also been linked to the disposal, which was announced in November last year.

The German bank is expected to pare the shortlist of half a dozen bidders to two or three within days, with the aim of concluding a deal in mid-March.

DB is hoping to sell the business for as much as £2bn.

Some bidders, such as State Street and JP Morgan are thought to be interested, in the entire business, while others, such as Australian group Macquarie, are reported to be interested only in parts.

Up next…