Cinven said to near deal to acquire Bayer’s pest control business, could value company at €2bn | AltAssets Private Equity News
Summary
According to earlier reports, Bayer has been seeking a value of about €2bn for the business. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter ESP provides pesticides to combat rodent and insect infestations and offers a digital pest management system. It had attracted interest from suitors including CVC Capital Partners and Brookfield Asset Management, though some bidders decided to drop out of the process. The UK buyout house has been fined by the UK’s competition regulator earlier in the month for conspiring to drive up the price of an anti-nausea drug by more than 700%. It was reportedly close to a buyout of wealth management platform True Potential which could value the business at up to £2.5bn last year.
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