Exclusive: TPG, Madison Dearborn final bidders for NFP - sources

NEW YORK (Reuters) - Private equity firms TPG Capital and Madison Dearborn Partners are the two finalists bidding for National Financial Partners , a New York-based wealth management company with a market value of nearly $900 million, people familiar with the matter said.

NFP, which is run by Sandy Weill's daughter, Jessica Bibliowicz, could be valued at around $1 billion in a deal, the people said on Wednesday, asking not to be named because details of the auction are confidential.

NFP said on March 13 that the company has decided to explore a sale following indications of interest from private equity firms, confirming a Reuters report the previous day.

Representatives for NFP, TPG and Madison Dearborn did not immediately respond to requests for comment.

(This story is corrected in paragraph 2 to show Bibliowicz remains CEO)

(Reporting by Jessica Toonkel and Greg Roumeliotis in New York, Editing by Soyoung Kim and Steve Orlofsky)

Source: http://news.yahoo.com/exclusive-tpg-madison-dearborn-final-bidders-nfp-sources-202326204--sector.html

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