Among those looking over the assets are Goldman Sachs Group Inc.,
Coller Capital and Lexington Partners Inc., according to a Bloomberg
report. Lehman is preparing to sell roughly $15 billion of these
holdings before the end of the year. The holdings include stakes in
hedge fund firm D. E. Shaw & Co. as well as investments in bicycle
parts maker SRAM Corp. and hospital linens provider Angelica Corp.
Sources told Bloomberg that the venture capital stakes are expected to
be sold in November with the real estate and private equity assets
going by the end of December.
Most of Lehman's asset management holding are set to go to Bain Capital
LLC and Hellman & Friedman LLC, which reached a
$2.5 billion deal
with Lehman in late September; however, the Carlyle Group is challenging
the sale and is expected to make its own offer by December.
- George
White
See Bloomberg story
See Dealscape post on Neuberger Berman sale
The private equity, venture capital and real estate assets of bankrupt Lehman Brothers Holdings Inc. that weren't sold as part of the Neuberger Berman deal are drawing interest from a number of secondary sales specialists and distressed investors.
