Dutch lender Rabobank is reportedly considering three offers for its asset management arm, Robeco.
So far the bank has received offers from a consortium of Advent International and CVC Capital Partners, as well as Japanese group Orix and Boston-based asset manager AMG alongside Permira. Australian bank Macquarie is also said to be interested in the business.
The bank put the company up for sale earlier this year after losing its triple-A credit rating from Standard & Poor's. Its valuation has soared from €2bn to a reported €3bn.
Rabobank is thought to want to sell the company whole but AMG and Permira intend to split it up, with the former taking the US divisions, while Permira would pick up the European assets such as Corestone and SAM Sustainable Asset Management in Switzerland and Robeco Institutional Asset Management in the Netherlands.