JSM Financial: HSBC looking at the option of selling its five private equity arms.

June 4, 2010 - PRLog -- British banking giant HSBC has announced that it is currently involved in talks that may lead to five independent management buyouts of its private equity fund management businesses, JSM Financial has learned.

According to the bank, the negotiations are expected to lead to spin-outs of its private equity fund management units in Brittan, Canada, the Middle East, Hong Kong and the U.S.

Europe’s largest bank’s regional private equity businesses are focused on supporting management buyouts in the UK, technology investments in Asia, mid-market private equity and mezzanine transactions in the United States and management buyouts as well as providing capital for business growth in Africa, JSM Financial sources report.

HSBC sold off its larger European buyouts unit in 2003 but kept a minority stake in the firm which has since become Montagu Private Equity.

JSM Financial has also learned that the bank in a separate announcement has said that its independently listed unit HSBC Infrastructure had agreed to spin off its infrastructure and real estate investment arm, HSBC Specialist Investments.

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