Deutsche Bank and Goldman Sachs have struck an agreement to acquire the private equity fund portfolio of the National Bank of Greece for €288 million – a year-and-a-half after they were first reported to be close to a deal.

The deal was announced in a joint statement from Deutsche Bank, Goldman Sachs and NBG on February 2. National Bank of Greece will dispose of its entire interest in funds managed by NBGI Private Equity, its UK-based mid-market private equity and venture capital arm, to Deutsche Bank Private Equity, the German bank's $11 billion-plus fund-of-funds unit, and Goldman Sachs Asset Management's $180 billion alternative investments and manager selection group.