Warburg Pincus, one of the world’s largest private equity firms, is considering options including a sale that could value food processing and packaging equipment company Duravant at more than $4 billion, according to people with knowledge of the matter.

The New York-based private equity firm has held preliminary talks with advisers about running an auction for Duravant later this year, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The business is likely to draw interest from other equipment manufacturers and private equity firms, the people said.

A final decision on what course to pursue hasn’t been made and Warburg could choose to keep the business, they said.

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Source: Bloomberg

By Kiel Porter