Barclays receives new bids for iShares

Media reports suggest Incisive Media-owner Apax Partners and Hellman & Friedman, both private equity players displaying an interest in the initial round of bidding, have also re-emerged. Last month Barclays announced the sale of its San Francisco-based exchange traded fund business for £3bn (US$4.4bn) to private equity firm CVC Capital Partners. The deal included a sale provision allowing Barclays to shop around for a better offer for its iShares business from a third party for at least 45 days. However, if it decides not to sell to CVC, Barclays Global Investors, the firm's asset manag...