As many as five private-equity firms have expressed interest in purchasing a stake in Lehman Brothers Inc.’s investment management business, according to the Telegraph, a London-based newspaper. The Carlyle Group of Washington, and KKR & Co. LP and JC Flowers & Co. LLC, both of New York, are among those believed to be interested in the business, which includes Neuberger Berman LLC of New York and some of Lehman’s private-equity and hedge fund operations. Wall Street analysts estimate the value of these businesses at between $8 billion and $10 billion, but it is thought that Lehman wants to sell only a minority stake. Last week, Korea Development Bank of Seoul, South Korea, distanced itself from comments that it was considering making a takeover offer to Lehman. Korea's financial regulator expressed concern that a potential transaction would be risky (InvestmentNewsAug. 25). Shares of the New York-based investment bank were up 26 cents, or 2%, to $13.71 in Tuesday afternoon trading. A call JC Flowers were not returned. KKR and Carlyle declined to comment.
The RIA aggregator adds a New York and Los Angeles firm serving film and TV talent as it deepens its business management bench
Meanwhile, Janney picks up a $280 million Merrill Lynch veteran in Scranton as independent and hybrid platforms keep drawing teams
The breakaway-focused minority investor has staked 15 RIAs since 2024 as private sponsors increasingly trade stakes
Osaic subsidiary continues to forge new routes to US high-net-worth and ultra-high-net-worth people.
New data shows veterans report stronger financial security, legacy confidence and career earnings momentum than non-veterans.
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
