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Deadline passes for Axa PE bids
The deadline for first-round bids Axa’s private equity arm closed yesterday with a series of private equity houses interested in a deal. US giant KKR and 3i, the UK-listed buyout vehicle, were believed to be mulling a bid but did not comment last night. City A.M. understands BlackRock has not pursued its early interest. Axa expects to make between £200m and £400m from the sale.