General Atlantic, Warburg Pincus Eye Santander Asset Management

Apr 29 2013 | 3:09pm ET

A pair of private equity firms is moving towards a deal for a piece of Banco Santander's asset management business.

General Atlantic and Warburg Pincus are in exclusive talks with Spain's biggest bank about the purchase of a minority stake in the unit, which has more than €160 billion in assets under management. The discussions are at an advanced stage, Reuters reports.

It is unclear when the exclusivity period expires.

Santander has been working to build or sell its asset management business for years.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...