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Buyout Firms Eye Citi Unit
Private equity firms are considering offers for Citigroup’s One Main Financial.
Private equity firms are considering offers for Citigroup’s One Main Financial, The Wall Street Journal reports. Potential buyers include a large group that comprised Carlyle Group, Blackstone Group, WL Ross & Company, Thomas H Lee Partners and Brysam Global Partners.
Warburg Pincus and JC Flowers & Company are also interested in One Main Financial. The Citi unit is the consumer lending division that was separated from CitiFinancial, which also included troubled loans.
Click here for the story from The Wall Street Journal.