Macquarie Said to Seek About $350 Million for Lending Division

Macquarie Group Ltd., Australia’s largest investment bank, is seeking about $350 million for Macquarie Equipment Finance, a unit that lends to hospitals and semiconductor makers, people with knowledge of the matter said.

Initial offers for the business, which has roughly $950 million of assets, are due in about two weeks, said the people, who asked not to be identified because the matter is private. Macquarie has reached out to U.S. banks including EverBank Financial Corp., City National Corp. and Huntington Bancshares Inc. as it seeks buyers, the people said.