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Apax Nears Deal for German Portable Toilet Maker Dixi

  • Buyout firm could reach agreement for up to $890 million
  • ADCO provides more than 300,000 portable toilets worldwide

Buyout firm Apax Partners LLP is nearing an agreement to buy the German supplier of Dixi and Toi Toi portable toilets for as much as 800 million euros ($890 million), people familiar with the matter said.

A deal between the London-based private equity firm and family-owned ADCO group could be reached in the coming weeks, the people said, asking not to be identified because the discussions are private. Talks are ongoing and no final decision has been made. Apax outbid several other private equity suitors, the people said.