Axa Private Equity Buys Barclays Portfolio

Axa Private Equity is buying a portfolio of funds worth $740 million from Barclays Private Equity, Reuters reported. The price of the deal was not released. This is the second such deal for Axa in recent weeks: the company bought up a similar portfolio from Citigroup worth about $1.7 billion.

(Reuters) – Axa private equity (AXAF.PA) said on Thursday that it would buy a portfolio of funds worth $740 million from Barclays private equity (BARC.L) at an undisclosed price.

The transaction is the second operation announced by Axa in less than a month, coming after it bought a portfolio worth $1.7 billion from Citigroup.