Carlyle Group Inc and Advent International Corp are among several buyout firms considering a bid for DuPont Inc’s mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter.
Apollo Global Management Inc and CVC Capital Partners are also studying the business, which could be valued at as much as $12 billion, according to the report.
DuPont, once part of the erstwhile chemical giant DowDuPont has been tweaking its portfolio. It has separated its Nutrition & Biosciences business, agreed to divest two other businesses, and struck a deal to buy Laird Performance Materials for $2.3 billion in July.
Read more/Source: Reuters
