Apollo, Bain in Bidding for Continental Industrial Unit

Private equity firms including Apollo Global Management and Bain Capital are weighing bids for tiremaker Continental’s industrial division in a deal that could value it at roughly 3.5 billion euros ($4.06 billion), Bloomberg News reported on Monday.

Competing Bidders and Joint Offers

Other bidders in the next round for rubber and plastics division ContiTech include Advent and CVC Capital Partners, which are partnering on a joint offer, along with Platinum Equity, KPS Capital Partners and Clearlake Capital, the report said, citing people familiar with the matter…

Source: Global Banking and Finance Review