AXA has appointed Credit Suisse Group to manage the sale of its private equity division, The Wall Street Journal reports. AXA Private Equity has been valued at between $309 million and $463.54 million. The private equity arm of AXA manages about $28 billion in assets. AXA has acquired assets from Citigroup, Bank of America Corp. and Barclays worth $1.7 billion, $1.9 billion and $740 million, respectively, over the past one year. It has also purchased a majority stake in Germany’s HSH Nordbank.
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