LONDON, Aug 15 (Reuters) - British pension buyout firm
Paternoster [PATER.UL] has been put up for sale, leaving its
original backers faced with potential losses of more than half
their equity investment, the Financial Times said on Sunday.

Insurance broker Willis Group <WSH.N> is advising
Paternoster on its options and has sent out information to
banks, insurers, reinsurers and financial investors to solicit
offers for all or part of the company, the newspaper said.

Paternoster is hoping to receive initial expressions of
interest by September, the FT said, citing people close to the
matter.

Citing people with knowledge of the situation, the FT said
Deutsche Bank <DBKGn.DE>, which owns 40 percent of Paternoster,
has said it is committed to supporting the company but it has
not offered to buy out the other shareholders, all of which are
looking to sell. Paternoster, Deutsche Bank and Willis were not
immediately reachable.

(Reporting by Karolina Tagaris; editing by Gunna Dickson)