Buyout, Trade Buyers To Bid For Spain's Mivisa Friday - Sources
September 30 2010 - 12:14PM
Dow Jones News
A number of private equity companies and trade buyers are
looking to file a bid for Spanish can maker Mivisa SA, people
familiar with the matter told Dow Jones Newswires pm Thursday, in a
deal that could fetch around EUR1 billion for its owner, CVC
Capital Partners.
At least five private equity firms, including Blackstone Group
(BX), Carlyle Group and Bridgepoint, as well as three U.S. can
makers--Crown Holdings (CCK), Pall Corp. (PLL) and Silgan Holdings
(SLGN)--are likely to present bids before a deadline Friday, one of
these people said.
Mivisa was originally being readied for an initial public
offering, but with the difficult IPO market CVC's advisers
Citigroup (C) and Goldman Sachs (GS) separately launched a sales
process before the summer.
-By Marietta Cauchi; Dow Jones Newswires; +44207 8429241;
marietta.cauchi@dowjones.com.
(Jessica Hodgson in London contributed to this article.)
Silgan (NASDAQ:SLGN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Silgan (NASDAQ:SLGN)
Historical Stock Chart
From Apr 2023 to Apr 2024