CVC Capital Seeks to Sell Flint Group, FT Deutschland Reports
CVC Capital Partner Ltd. seeks to sell its ink manufacturer Flint Group, Financial Times Deutschland reported, citing unidentified people close to the companies.
Flint last year had 2.2 billion euros ($2.75 billion) in sales and 310 million euros of earnings before interest, taxes, depreciation and amortization, the newspaper said in a preview of an article for tomorrow’s edition. CVC has retained Deutsche Bank AG (DBK) and Greenhill & Co. as advisers, the FTD said.
A final decision will be taken June 18, the newspaper said. CVC no longer seeks an initial public offering of Flint shares, FTD reported. The process is in an early stage and about a dozen potential buyers have been contacted by CVC and the bank, the newspaper said.
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