AXA set to seal private-equity spin-off - Reuters

AXA is set to confirm the closing of a deal to spin off its private equity arm early this week, the head of AXA Private Equity said in an interview with the Financial Times, writes Reuters. The French insurer in March unveiled the structure of a spin-off that would value its private-equity unit at 510 million euros ($690.62 million), leaving AXA with a 26.9 percent stake in the business and a 200 million-euro capital gain from the sale of majority control to the unit's management and staff.

DealsNorth AmericaUSBriefs