Deals
RBS Said to Sell Stake in Private-Equity Arm to Adams Street
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Royal Bank of Scotland Group Plc agreed to sell its minority stake in a private-equity unit to an investor group led by buyout firm Adams Street Partners LLC, according to two people with knowledge of the matter.
The Edinburgh-based bank agreed to sell its stake in RBS Special Opportunities Fund last month in a deal valued at about 100 million pounds ($167 million), said the people, who asked not to be identified because the talks are private. The investor group may provide new capital for transactions, the people said.