Apollo, L Catterton display preliminary interest in maker of Barbie and Hot Wheels brands
US-based private equity firms Apollo Global and L Catterton have each held talks with Mattel, the maker of Barbie dolls and Fisher-Price toys, about a potential buyout of the $7.8bn Nasdaq-listed company.
The takeover interest in Mattel is preliminary, said multiple sources familiar with the matter, and was unsolicited, indicating that any prospective deal is in an early stage and could still fall apart.
Last year, the company’s sales rose 19 per cent to $5.5bn and its free cash flow doubled to $334mn.
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