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Bloomberg reported that Macquarie Group is seeking about $350 million for Macquarie Equipment Finance according to people with knowledge of the matter.
According to the Bloomberg report, initial offers for the business, which has roughly $950 million of assets, are due in about two weeks, said the people, who asked not to be identified because the matter is private.
Bloomberg also reported that Macquarie has reached out to U.S. banks including EverBank Financial Corp., City National Corp. and Huntington Bancshares Inc. as it seeks buyers, the people said.
Read the full Bloomberg report:
Macquarie Said to Seek About $350 Million for Lending Division