Bain, PAG Are Among Bidders for Edelweiss Wealth Unit
- Blackstone also among parties who have submitted bids
- Edelweiss is seeking to raise more than $666 million in a sale
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Private equity firms Bain Capital and PAG are among bidders for a majority stake in the wealth and advisory business of India’s Edelweiss Financial Services Ltd., according to people familiar with the matter.
Blackstone Group Inc. is also among suitors that have submitted bids for the assets, said the people, who asked not to be identified as the discussions are private. The first round of bidding ended last week, the people said.