General Atlantic, RHJ Discuss Bid For Deutsche Bank's BHF- FTD

U.S. investor General Atlantic Partners LLC (GAP.XX) is in talks with Belgian investor RHJ International SA (RHJI.BT) on making a joint offer for Deutsche Bank AG's (DB) private banking unit BHF-Bank AG, the Financial Times Deutschland reports in Friday's edition.

Deutsche Bank declined to comment on the report Friday. Neither RHJ International nor General Atlantic Partners could immediately be reached for comment.

RHJ International is in talks with potential co-investors who can help raise the EUR500 million or so purchase price, the article says.

RHJ International is also in talks with Pamplona Capital Management LLP., a London-based private equity firm founded by the Russian former top banker Alex Knaster, the article says.

Pamplona Capital Management couldn't be reached for comment Friday.

RHJ International has until November to make an offer for BHF, according to the Financial Times Deutschland, as after that RHJ's time frame for exclusive talks expires.

The head of RHJ International, Leonhard Fischer, aims to fuse BHF with RHJ's subsidiary Kleinwort Benson Group, a British private bank and wealth manager, the article says.

Newspaper website: http://www.ftd.de

-By Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

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