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The fate of Lehman Brothers Merchant Banking and other related fund groups remains unresolved, but unlike Barclays plc's purchase of Lehman Brothers Holdings Inc.'s investment banking assets and Monday's buyout of Neuberger Berman LLC by Bain Capital LLC and Hellman & Friedman LLC, there isn't an enormous risk of fund [...]

Lehman Brothers just issued a statement on the status of the investment management groups that are not included in the proposed sale to Bain Capital and Hellman & Friedman. It doesn’t shed much light, although it also doesn’t discourage widespread speculation that the groups will soon transform themselves into independent [...]

To commemorate Monday’s $2.5 billion sale of Neuberger Berman, the core of Lehman Bros’ (LEH) asset management business, to private equity firms Bain Capital and Hellman & Friedman, step forward another clutch of Wall Street’s Finest (© Jeff Matthews): Neuberger Berman, based on comparisons with other asset management firms, is [...]

Bain Capital and Hellman & Friedman said they would purchase much of Lehman Brothers’ money management business, including its Neuberger Berman asset management unit, for $2.15 billion.[...]

Bain Capital and Hellman & Friedman were closer to buying a large chunk of Lehman Brothers' investment-management unit, including its Neuberger Berman division, according to a report.[...]

Private equity firms Bain Capital and Hellman & Friedman were closer to a deal on Sunday night to buy Lehman Brothers Holdings' prized Neuberger Berman unit, Reuters reported, citing two sources familiar with the situation. A deal could come as early as Monday, but is not finalized and still could [...]

Bain Capital and Hellman & Friedman were closer to buying a large chunk of Lehman Brothers' investment-management unit, including its Neuberger Berman division, according to a report.[...]

Lehman Brothers' plan to sell its investment-management division has been held up by wrangling over how to run the business and pay fund managers, reports Bloomberg. The bankrupt securities firm had aimed to announce the sale to Bain Capital and Hellman & Friedman by last week, said people familiar with [...]

Elizabeth Holmes reports from Scranton, Pa. on the presidential race. John McCain took his already tough economic rhetoric one step further Monday, simultaneously slamming excessive executive compensation and expressing his concern about the government’s proposed bailout package. “We can’t have taxpayers footing the bill for bloated golden parachutes like we [...]

Just days after Lehman Brothers sold off $1.75 billion in assets to the British bank 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. Weil Gotshal, Lehman's bankruptcy counsel, [...]

Bain Capital and Hellman & Friedman have teamed up on a bid for Lehman Brothers' investment-management unit, Bloomberg News reported. The two buyout shops are now negotiating together after having tabled separate bids of about $4 billion last week for the unit, which includes the Neuberger Berman fund-management business, Bloomberg [...]

Security, Software, VC Wade Roush wrote: Watching the financial markets during a week like this one might make putting your money into "vulnerability management" technology sound pretty attractive. At least that seems to be the thinking at a few local investment firms. Yesterday, we reported that Greylock Partners and Commonweath [...]

Reed Business Information's second round auction may be running into trouble, as bidders are lowering their prices, reports Times UK. There are no bids close to its £1.25 billion ($2.5 billion) asking price and there is talk the unit may be worth as little as £800 million ($1.6 billion), the [...]

Twenty-four hours ago, I was convinced that KKR was even money to buy a 55% stake in Lehman Brothers' investment management arm. Then near market close came news that the entire Brotherhood was for sale, which appeared to leave KKR holding an empty bag (kind of like when it wanted [...]

After a stock drop 45% yesterday, Lehman Brothers Holding Inc. rushed out its third quarter results with an estimated a net loss of $3.9 billion or $5.92 per share, but will investors buy in? Management of the investment bank told investors that they will try to sell its asset management [...]

Corey Boles reports from St. Paul, Minn., on the Republican convention. Senior Republicans gathered here aren't too happy with the U.S. auto industry's pleas for bigger federal loans - up to $50 billion - supposedly to finance a switch to more green vehicles. "We don't want our automobile industry to [...]