Reports claim that British bank HSBC is in talks, which could lead to the generation of five separate management buyouts of its private equity fund management businesses.

The development is in the wake of the fact that the bank goes back to focusing on the core operations.

As per the reports from the Europe's biggest bank, the talks are expected to show the direction towards the spin-outs of its private equity fund management businesses in Hong Kong, Britain, the United States, Canada and the Middle East.

The regional private equity businesses of HSBC focus on supporting management buyouts in Britain, for Asia the focus is on technology investments , mid-market private equity and mezzanine deals in the U. S. and in Africa the emphasis lies on management buyouts and providing capital for growing businesses.

Reports suggest the HSBC had spun off its bigger European buyouts business in 2003, and retained a minority stake in the business, which afterward became Montagu Private Equity.

According to a separate statement, which was issued by the independently listed vehicle HSBC Infrastructure, the bank had agreed to terms to spin off its infrastructure and real estate investment arm HSBC Specialist Investments.

Reports claim that it is expected that the deal would be completed by the end of 2010. Further, in the wake of the deal, HSBC would retain a substantial minority stake in the business.