In an attempt to acquire Deutsche Bank, BHF-Bank, Kleinwort Benson, RHJ International's owner, rallied co-investors. However, the latest transaction did not include former co-investor, Blackrock. The former deal that included Blackrock was held up by Bafin, Germany's financial market watchdog.

In the recently proposed EUR354 million deal, RHJI's Kleinwort Benson would acquire 91 percent of the BHF Bank. This amounts to EUR322 million. On the other hand, RHJI is set to acquire the bonds to Deutsche Bank.

Blackrock, who was the initial co-investor, withdrew from the deal. The remaining co-investors alongside RHJI had included BMW heir Stefan Quandt, China's Fosun Group and US Investor Timothy C. Collins. Co-investors agreed to the increase in funding.

A spokesman from Deutsche Bank confirmed the structure of the deal and that the deal would push through. On Wednesday, RHJI stated to be "confident to obtain formal regulatory decisions from all of the necessary regulators in the coming weeks".