Deals
KraussMaffei Said to Hire Goldman Sachs to Explore Sale
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KraussMaffei Group, the German maker of machinery for processing plastics that is owned by Madison Capital Partners, is working with Goldman Sachs Group Inc. to find a buyer, people familiar with the process said.
The company, which employs 3,900 and was previously owned by KKR & Co. and Siemens AG, may fetch as much as 700 million euros ($883 million) based on an initial assessment, said two of the people, who asked not to be identified because the plans are private. Information has been sent out to potential bidders, which include private equity firms and trade buyers, they said.