Barclays receives new bids for iShares

New private equity bidders have emerged for Barclays' iShares business, including BC Partners. Medi...

New private equity bidders have emerged for Barclays' iShares business, including BC Partners. Media reports suggest Incisive Media-owner Apax Partners and Hellman & Friedman, both private equity players displaying an interest in the initial round of bidding, have also re-emerged. Last month Barclays announced the sale of its San Francisco-based exchange traded fund business for £3bn (US$4.4bn) to private equity firm CVC Capital Partners. The deal included a sale provision allowing Barclays to shop around for a better offer for its iShares business from a third party for at least 45 day...