Oh, No! PE Firms May Lowball Citi for OneMain
Citi is finally getting some traction in its sale of OneMain Financial. Several PE firms are interested in the unit, which lends money to low-income borrowers. Blackstone, the Carlyle Group, WL Ross & Co., Thomas H. Lee and Brysam Group Partners are part of a large group that are pursuing a bid, according to The Wall Street Journal. Warburg Pincus and J.C. Flowers & Co. are also exploring a deal separately, the story says.
9 February 2011•2 mins read
