Macquarie Group is said to be seeking around $350m (297.1m) for Macquarie Equipment Finance, a unit that lends to hospitals and semiconductor makers.
According to a report from Bloomberg, initial offers for the business, which has roughly $950m of assets are due in about two weeks.
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Macquarie is reportedly asking about twice book value for Macquarie Equipment Finance, which it bought in 2008 from CIT Group Inc.
Stephen Yan, a spokesman for Macquarie based in New York, declined to comment on behalf of the company.
Macquarie Equipment Finance makes loans to hospitals for obtaining beds, ultrasound machines and other equipment. Other customers include technology businesses, semiconductor makers and manufacturers, according to its website. The Australian Financial Review reported in November that Macquarie was putting the unit up for sale.
U.S. banks have been seeking to buy business lenders to make up for a decline in consumer borrowing since the financial crisis, said the Bloomberg report.
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By GlobalDataUS bank Wells Fargo & Co. bought a railcar leasing business in the first half of 2014, while Crestmark Bancorp agreed in September to buy TIP Capital’s equipment leasing and asset management business.
