DWS Said in Talks to Sell Stake in Fund Platform to BlackFin
- French buyout firm in advanced talks to acquire control of IKS
- Suitor could pay in the region of 300 million euros for stake
This article is for subscribers only.
Deutsche Bank AG’s asset management arm DWS Group is in exclusive talks to sell control of its IKS fund platform to French private equity firm BlackFin Capital Partners, people familiar with the matter said.
BlackFin is holding final negotiations on terms of a potential deal for the IKS business, the people said, asking not to be identified because the information is private. The buyout firm is discussing a deal to pay in the region of 300 million euros ($362 million) for a majority stake in IKS, though terms of a transaction haven’t been finalized, one of the people said.