Deutsche Bank, Goldman Sachs to purchase National Bank of Greece funds

March 10, 2016

On February 2, 2016, National Bank of Greece S.A. entered into a definitive agreement to sell 100% of its interests in 11 funds to Deutsche Bank Private Equity and Goldman Sachs Asset Management for €288 million.

Under the agreement, NBGI PE Limited will continue to manage the 11 funds and underlying assets, along with persons that Deutsche Bank Private Equity (“DBPE”) and Goldman Sachs Asset Management (“GSAM”) appoint.  The transaction is expected to close within the first quarter of 2016, subject to approval from the Financial Conduct Authority as well as antitrust and competition authorities.

DBPE is a private equity fund of funds with more than $11 billion of assets under management. It has offices in the United States, United Kingdom, Germany, Switzerland and Singapore, and has relationships with more than 250 private equity fund managers.

GSAM, and its Alternative Investments & Manager Selection Group, is responsible for researching and investing in private equity, infrastructure, real estate, private credit, and other private real asset opportunities. It has more than $180 billion of alternative investments as well as private equity and fixed income strategies.

To read the press release: please click here.


Categories

Investment Manager M&A, Investment Manager Private Equity, Transactions