Soros Said to Seek Sale of Unit That Lends to American Apparel

Billionaire George Soros is seeking a buyer for his asset-based lending company, whose borrowers include American Apparel Inc., said two people with knowledge of the matter.

Soros Fund Management LLC hired Deutsche Bank AG to solicit bids for Crystal Financial LLC, said the people, who asked not to be named because the talks are private. The Boston-based lender may fetch $200 million, and is being pitched to private-equity firms, business-development companies, and banks and commercial lenders, the people said.