Auction of AIG brokerages heats up (Dealscape

American International Group Inc. is close to a deal to sell its three broker-dealers to a private equity firm, an executive of one of the units told its affiliates Friday. It could be the first large asset sale by the troubled insurer, which the federal government now controls.

"We are confident a buyer will be confirmed soon," said SagePoint Financial Inc. CEO Jeffrey Auld on a conference call Friday with his firm's independent advisers, adding that the buyer should be named within a couple of weeks. "Face to face" meetings and due diligence were taking place, "as we speak," he told the advisers.

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

2976 in-depth records of Private Equity deals in the Financial Services sector
933 in-depth records of Private Equity auctions in the Financial Services sector
593 articles related to American International Group
36 company listings related to AIG
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Auction of AIG brokerages heats up Posted on February 9, 2009 11:30 AM American International Group Inc. is close to a deal to sell its three broker-dealers to a private equity firm, an executive of one of the units told its affiliates Friday. It could be the first large asset sale by the troubled insurer, which the federal government now controls. "We are confident a buyer will be confirmed soon," said SagePoint Financial Inc. CEO Jeffrey Auld on a conference call Friday with his firm's independent advisers, adding that the buyer should be named within a couple of weeks. "Face to face" meetings and due diligence were taking place, "as we speak," he told the advisers. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 2976 in-depth records of Private Equity deals in the Financial Services sector 933 in-depth records of Private Equity auctions in the Financial Services sector 593 articles related to American International Group 36 company listings related to AIG 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.