Brookfield in Talks on Deal for DWS’s Private Equity Secondaries Unit
- Deutsche Bank unit was on the block as bank seeks to simplify
- Brookfield’s Flatt has said secondaries are a growth area
Brookfield’s Bruce Flatt
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Brookfield Asset Management Ltd. is in talks to take over the private equity secondaries business of Deutsche Bank AG’s asset management arm, according to a person familiar with the matter.
Negotiations are in final stages and a deal may get announced as soon as this week, said the person, who requested anonymity because the matter is still private.