New Lehman sell-off hands lead roles to US trio
Just days after Lehman Brothers sold off $1.75bn (£950m) in assets to Barclays, the bankrupt giant is in talks to sell its investment-management unit to private equity firms Bain Capital and Hellman & Friedman, according to sources familiar with the deal. A lawyer familiar with the deal says Weil Gotshal & Manges, Lehman's bankruptcy counsel, is handling the deal for Lehman. The source says Ropes & Gray is representing Bain, a longtime Ropes client.
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