Private equity firm Blackstone is reportedly looking to sell wealth firm Lombard International.
The move stems from receiving a series of unsolicited bids for the company, according to Sky News.
As a result, reports state Blackstone is currently working with advisers at Bank of America Merrill Lynch on the potential sale.
The private equity giant acquired the wealth management business in 2014 from Friends Provident for around €400m (£361m, $483m).
Sky News sources have warned that a deal is far from certain.
According to reports, several insurance and financial services firms have shown interest in Lombard International, which on analyst believes could be priced at approximately €700m.
International Adviser contacted Blackstone and Lombard International but both firms declined to comment.
