NEW YORK Feb 11 Private equity firms Genstar
Capital and Aquiline Private Equity LLC have teamed up and are
in exclusive negotiations to buy Genworth Financial Inc's
wealth management business and its San Francisco-based
alternative investment business, according to two sources
familiar with the situation.
Genworth is working with Goldman Sachs Group Inc,
according to the sources, who declined to be identified because
the talks are confidential. Genstar and Aquiline are working
with Deutsche Bank AG, said one of the sources, who
estimated that the deal for both businesses would be valued at
$400 million to $450 million.
Spokespeople for Deutsche, Goldman, New York-based Aquiline
and Richmond, Virginia-based Genworth did not immediately return
calls for comment. A Genstar spokesman declined to comment.