
Apax Partners heads field in Sif Group auction
Apax Partners is leading the field of bidders in the auction Sif Group, which is put on the block by its private equity owner Egeriam, according to reports.
Bidding is now in its second round, which has seen BC Partners pull out. Estimates suggest that Egeria may fetch as much as €500m.
Roermond-based Sif is a supplier of welded structures for near-shore and off-shore windturbine foundations, for the off-shore oil and gas industry. Sif also produces parts for boilers and pressure vessels. The company has 150 employees.
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