{"id":8735,"date":"2008-09-30T00:00:00","date_gmt":"2008-09-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"two-equity-firms-buy-lehmans-money-management-unit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/two-equity-firms-buy-lehmans-money-management-unit.html","title":{"rendered":"Two equity firms buy Lehman&#8217;s money management unit"},"content":{"rendered":"<p>International Herald Tribune &#8211; Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman &amp;&nbsp;Friedman.<\/p>\n<p>The sale of the business, more than a month in the making, has been among the biggest outstanding issues for Lehman, which filed for bankruptcy protection two weeks ago. Barclays of Britain bought Lehman&#8217;s United States capital markets division. Nomura Holdings of Japan is buying many of Lehman&#8217;s assets in Europe, the Middle East and&nbsp;Asia.<\/p>\n<p>Before Lehman collapsed, it had proposed selling off a major stake in its investment management division, which includes Neuberger, as an integral part of a self-help plan. Then, it expected to fetch bids that would have valued the unit as high as $7&nbsp;billion.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.iht.com\/articles\/2008\/09\/30\/business\/30lehman.php\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Herald Tribune &#8211; Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman &amp;&nbsp;Friedman. The sale of the business, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2921,508,2029,218,2922,2920,1193,678,2919,96,129,2923,754,578,845],"class_list":["post-8735","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-aozora-bank","tag-bad-news","tag-bankruptcy-code","tag-citigroup","tag-cvc-capital-partners","tag-deaths","tag-diversity","tag-domicile","tag-labour","tag-lehman-brothers-holdings","tag-losses","tag-nasd","tag-personal-reasons","tag-private-equity-investors","tag-rough-price"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8735"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8735\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}