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Wells Fargo sells stakes in legacy Norwest units in $2B deal

Wells Fargo sells stakes in legacy Norwest units in $2B deal
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Wells Fargo Sells $2 Billion of Private Equity Investments in Core Business Refocus Plan

Wells Fargo Sells $2 Billion of Private Equity Investments in Core Business Refocus Plan
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Wells Fargo sells private equity stakes

Wells Fargo & Company announced today that it has sold approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.

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Wells Fargo Sells Private Equity Fund Investments

Wells Fargo Sells Private Equity Fund Investments
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Wells Fargo Sells Private Equity Fund Investments

Wells Fargo & Company announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest.

United statesNew yorkTim devriesMike santomassimoLazard ltdExchange commissionWells fargo companyWells fargoNorwest equity partnersNorwest mezzanine partnersAlpinvest partnersAtalaya capital managementLexington partnersWells fargo chief financial officer mikeNorwest venture partnersConsumer banking