Carlyle Group did not submit a bid for Neuberger Berman, Lehman Brothers Holdings Inc.s money management subsidiary, according to people familiar with the matter.
This leaves buyout firms Bain Capital and Hellman & Friedman, which have agreed to buy the unit for $2.15 billion, as the only known bidder for the Lehman subsidiary. Christopher Ullman, Carlyle spokesman, acknowledged that the firm was considering making a bid but declined further comment.
Mike Ford, spokesman for Weil, Gotshal & Manges, the law firm representing Lehman Brothers in its Chapter 11 bankruptcy reorganization, could not be reached by press time for information on any other bidders. Randall B. Whitestone, Neuberger Berman spokesman, declined to comment.
According to court records, the deadline for qualified bids was Monday, with an auction scheduled for Wednesday. The deadline to file objections to the proposed sale is Dec. 17, and a hearing in U.S. Bankruptcy Court in New York to consider the proposed sale is scheduled for Dec. 22.