Apollo Global Management, Inc. (NYSE:APO) and BNP Paribas SA (ENXTPA:BNP) are among investors showing interest in acquiring at least part of Credit Suisse Group AG (SWX:CSGN) securitized products group, people with knowledge of the matter said. The Zurich-based firm is exploring deals to sell the entire business, while potential investors may pitch to acquire specific portfolios or risk classes, the people said, asking not to be identified because the matter is private. Credit Suisse previously said that it's looking for third party funds for the unit, which is profitable but uses a lot of capital.

The bank is still considering other options for the business and no final decisions have been made, the people said. Executives have said they'd like to keep some of the revenues, rather than an overall sale. Credit Suisse announced a plan to attract investors to the SPG business alongside a broader strategic review after a string of losses under former Chief Executive Officer Thomas Gottstein.

That review is set to conclude next month in a restructuring that will likely see further cuts to the investment bank and elimination of thousands of jobs. Credit Suisse has already sent out information on the trading business to potential bidders and is opening a data room in coming weeks to give greater detail about the unit, the people said. A sale could lead to the release of regulatory capital and potentially some cash proceeds, the people said.

“We have said we will update on progress on our comprehensive strategy review when we announce our third quarter earnings,” Credit Suisse said in a statement. “It would be premature to comment on any potential outcomes before then.” BNP and Apollo declined to comment.