A dozen or so private equity groups are expected to submit offers for Allflex Holdings, the UK-based provider of livestock identification products, Reuters reported citing banking sources.
Earlier in the year, Electra Private Equity Plc (LON:ELTA) brought in Rothschild Inc to advise on a sale or refinancing of the business it acquired in 1998. The UK investment company could collect about USD1bn (EUR765m) from the divestment, Reuters said.
The list of potential private equity bidders features some of the most illustrious industry names. According to the sources, interested parties include Astorg Partners, Bain Capital LLC, BC Partners Ltd, The Blackstone Group LP (NYSE:BX), The Carlyle Group LP (NASDAQ:CG), Charterhouse Capital Partners LLP, Hellman & Friedman LLC, KKR & Co LP (NYSE:KKR), the Ontario Teachers’ Pension Plan, OMERS and PAI Partners SAS.
The bidders are expected to submit their offers this week, with roughly half of them anticipated to qualify for the next leg of the race, Reuters said.
Bankers are putting together debt packages to back a buyout, the sources said.
None of the prospective bidders agreed to comment for the news agency, while Electra could not be immediately reached.