CVC looking to sell DSI

Potential buyers include French and Austrian building companies specialised in tunnel construction such as Strabag, Alpine Bau and Porr. Also, Australian competitor Orica Mining, which made a bid for the company in 2007 together with Macquarie, is said to be interested.

CVC acquired DSI in 2005 in a secondary buyout for €1bn from IK Investment Partners, which originally bought the company for €175m from Walter-Bau-Group after the firm went into administration. In April 2010, CVC had to hand over the company to financial backers Barclays Capital and Bank of America due to the company's financial difficulties. The banks swapped the debt for a 90% stake.

According to media reports, Barclays and Bank of America are expecting to sell DSI for about €425m, which would represent the debt volume of the company.

Aschheim-based Dywidag-Systems International (DSI) is a global operating building company, which was founded in 1979. The company's turnover decreased during the recession by 27% to €518m 2009, with an EBITDA of €48m. The construction firm employs about 2,200 people.

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