Private equity may not play a prominent role as it relates to buying up toxic assets, but sponsors are actively seeking the money-making operations of various banking institutions. The latest to dive into the fray was CVC Capital Partners, which acquired the iShares exchange-traded-funds business of Barclays Global Investors.

CVC is reportedly paying $4.4 billion, although the deal includes a go-shop agreement that will give rival bidders another 45 days to submit a better offer.

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