Big guns circle CVC-backed Mivisa
Five prominent buy-out houses are circling Mivisa, the portfolio company of their private equity rival CVC Capital Partners.
CVC is at present considering the offers received from Apollo Management, Blackstone Group, Bridgepoint Capital, Carlyle Group and Cinven for the Spanish food-can maker.
Goldman Sachs and Citi are managing the sales process, which has also sparked interest from Ball Corporation and Silgan.
CVC acquired 100% of Mivisa as part of a secondary buyout from PAI Partners and Suala Capital in 2005. One of the current bidders - Carlyle - lost out on the deal in the final stage of the auction.
The company boasted a 2009 turnover of €500m, and an EBITDA of €117m.
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