NEW YORK (Reuters) - A fund managed by Perella Weinberg Partners LP is looking to sell its rail car leasing business, three people familiar with the deal told Reuters this week.
The Perella Weinberg Asset Based Value strategy bought the business, which is now called Flagship Rail Services LLC, in 2011 from insurer American International Group <AIG.N>. That deal was valued at around $600 million, according to reports.
Perella has retained the Macquarie Group to sell the business, according to two of the sources, who wished to remain anonymous because they are not permitted to speak to the media.
Valuation of the deal could not be determined.
Spokeswomen for New York-based Perella Weinberg and Macquarie declined to comment.
(Reporting by Jessica Toonkel; Editing by Marguerita Choy)