Business

DWS Weighs Sale Of Private Equity Secondaries Business In Revamp

×

DWS Weighs Sale Of Private Equity Secondaries Business In Revamp

Share this article
Deutsche Bank's DWS Group logo for asset management arm Deutsche Börse AG on the Frankfurt Stock Exchange on Friday, March 23, 2008. 2018. DWS held its own on the first day of trading after parent company Deutsche Bank raised about 1.4 billion euros ($1.7 billion) in an initial public offering.

Deutsche Bank's DWS Group logo for asset management arm Deutsche Börse AG on the Frankfurt Stock Exchange on Friday, March 23, 2008. 2018. DWS held its own on the first day of trading after parent company Deutsche Bank raised about 1.4 billion euros (.7 billion) in an initial public offering. © Bloomberg The DWS Group logo is seen during Deutsche Bank AG's initial public offering (IPO) on the Frankfurt Stock Exchange at Deutsche Börse AG in Frankfurt, Germany, Friday, March 23, 2018. DWS has done its own. event. On its first day of trading, parent Deutsche Bank raised about 1.4 billion euros ($1.7 billion) in an initial public offering.

(Bloomberg) — Deutsche Bank AG's asset management arm, DWS Group, is considering selling its private equity business as part of a plan to exit under-performing areas.

Most read by Bloomberg.

People familiar with the matter said DWS has offered the device to interested parties. Chief Executive Officer Stefan Hobbs said the company was considering a sale after determining it needed significant investment to operate elsewhere, according to the people, who spoke on condition of anonymity to discuss private information.

Secondary transactions involve the purchase of shares in private equity funds from existing investors who wish to exit. According to Campbell Lutyens & Co., trading volumes hit an all-time high last year, and they have gained popularity as a way to increase liquidity. A market where competitors move billions of dollars.

Hoops, which has conducted a comprehensive review of DWS since its acquisition six months ago, pledged on Wednesday to boost profitability and cut costs at a Frankfurt-based investment fund. It plans to divert resources to the best growth potential products, such as the company's suite of passive products known as Xtrackers and part of its options business.

A DWS spokesman declined to comment.

"Some of our platform segments are not as competitive as we would like them to be, in some cases due to a lack of volume, others due to a poor track record," Hobbs said on an earnings call in October. "This clearly provides opportunities for self-financing without any significant impact on our customers."

See also  Gentari Go offers 10% discount for 10 EV charging sessions

According to Bloomberg, Hoopes is focused on making DWS stock more attractive to investors and ultimately increasing its value. As part of that effort, DWS is considering the strength of the DWS brand outside the company's German market to make the company's complex legal structure more attractive to foreign shareholders, people familiar with the matter said.

While the second service providers segment is a spinoff of DWS, the CEO emphasized real estate and infrastructure finance as areas of growth.

The most widely read edition of Bloomberg Businessweek.

© Bloomberg LP 2022

22.02.03 SDPBC Board Seminar

Leave a Reply

Your email address will not be published. Required fields are marked *