JP Morgan to sell roughly half its stake in One Equity Partners

The deal values companies being sold at around $2 billion, sources say

Monday 11 August 2014 at 16:02

JP Morgan Chase reached a long-awaited deal to sell roughly half its stake in the portfolio of its buyout arm, One Equity Partners.

The largest US bank by assets agreed to sell part of its stake to investment firms Lexington Partners and Carlyle Group's AlpInvest Partners, the firms said Monday.