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Carlyle, JC Flowers Eye $1.6B RHB Stake
Carlyle and JC Flowers are among private equity firms that have placed first-round bids for a 25% stake in Malaysian lender, RHB Capital.
CarlyleandJC Flowersare among private equity firms that have placed first-round bids for a 25% stake in Malaysian lender,RHBCapital,Reutersreports. Japan’sSumitomo Mitsui Financial Grouphas also offered to acquire the stake in the Kuala Lumpur-based lender.
The stake, which is being sold byAbu Dhabi Commercial Bank(ADCB), has a market value of $1.6 billion. ADCB is being advised byGoldman SachsandBank of America-Merrill Lynchon the stake sale.
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