Buyout Firms Said to Circle KRG-Backed Label Maker Fort Dearbornby
Caryle Group, CCMP among groups said to have made second round
Illinois company is expected to fetch about $800 million
Carlyle Group LP and CCMP Capital Advisors are among the firms that made the second round of bidding for the Elk Grove, Illinois-based company, said the people, who asked not to be identified because the situation is private. Management presentations are currently ongoing and final bids, which could value Fort Dearborn at around $800 million, are due in July, the people said.
Fort Dearborn, which can trace its origins back to 1925, has been owned by buyout firm KRG Capital since 2010. KRG, which unsuccessfully tried to offload Fort Dearborn last year, has backed the company with a series of bolt-on acquisitions, according to the company’s website.
Spokesmen for Carlyle and CCMP declined to comment. Spokesmen for KRG and Fort Dearborn did not respond to e-mail requests seeking comment.