Deals
Bain, Cinven Said to Team Up for $3.9 Billion Lonza Chemical Arm
- Lonza’s LSI unit drawing interest from host of buyout firms
- More consortia could form to bid for specialty-ingredient unit
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Bain Capital and Cinven are joining forces to bid for Lonza Group AG’s specialty ingredients unit, according to people familiar with the matter, which could result in one of the largest European chemicals deals of the year.
The private equity firms have teamed up in the race for Lonza’s LSI business, which could fetch around 3.5 billion Swiss francs ($3.9 billion), the people said, asking not to be identified discussing confidential information.