Deutsche looks to raise blind pool for banks (Dealscape

Deutsche Bank AG is trying to raise $350 million in the private placement markets for a blind pool to be run by former North Fork Bancorp executive Daniel Healy and used to buy troubled banks. The fundraising comes in the wake of a successful $1.15 billion placement by FBR Capital Markets Corp., which raised money for former Citizens Financial Group executives to invest in the banking sector.

According to an investor presentation obtained by The Deal, Healy, who served as CFO of Melville, N.Y.-based North Fork between 1992 and 2006, will be joined by former Bear Stearns Cos. director Vincent Tese and Les J. Lieberman, former executive managing director of Indosuez Capital, the investment banking arm of Banque Indosuez, and currently an executive managing director at Chicago-based private equity firm Sterling Partners. The fund will be held by a corporation called Bond Street Holdings LLC. Healy, who left North Fork after it was bought by Capital One Financial Corp. in December 2006, sits on the board of directors at financial services-focused investment bank Keefe, Bruyette & Woods Inc.

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NOT A SUBSCRIBER? Deutsche looks to raise blind pool for banks Posted on November 5, 2009 4:00 PM Deutsche Bank AG is trying to raise $350 million in the private placement markets for a blind pool to be run by former North Fork Bancorp executive Daniel Healy and used to buy troubled banks. The fundraising comes in the wake of a successful $1.15 billion placement by FBR Capital Markets Corp., which raised money for former Citizens Financial Group executives to invest in the banking sector. According to an investor presentation obtained by The Deal, Healy, who served as CFO of Melville, N.Y.-based North Fork between 1992 and 2006, will be joined by former Bear Stearns Cos. director Vincent Tese and Les J. Lieberman, former executive managing director of Indosuez Capital, the investment banking arm of Banque Indosuez, and currently an executive managing director at Chicago-based private equity firm Sterling Partners. The fund will be held by a corporation called Bond Street Holdings LLC. Healy, who left North Fork after it was bought by Capital One Financial Corp. in December 2006, sits on the board of directors at financial services-focused investment bank Keefe, Bruyette & Woods Inc. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 149 in-depth reports of PE deals in the Financial Services sector 141 company pages related to Germany 82 articles related to FBR Capital Markets Corp. 24 company pages related to Deutsche Bank 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?

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