Daily News: September 14, 2012

Soros Seeking to Sell Stake in Crystal Financial

U.S. hedge fund sponsor Soros Fund Management has mandated Deutsche Bank AG to help it find potential buyers for asset-based lending specialist Crystal Financial, Bloomberg reported, quoting two people with knowledge of the matter.

Bloomberg said, according to the sources, Soros is offering the unit to private equity and business development firms as well as to banks and commercial lenders.

Quantum Strategic Partners, a private investment fund managed by Soros Fund Management, is the lead investor in Crystal Financial.

To read the Bloomberg story, click here.