Advent Narrows Bidders for $2 Billion Mattress Maker King Koil China
- KKR, Blackstone, PAG are on the shortlist for King Koil China
- Hillhouse, Brookfield and Bain also proceeding into next round
This article is for subscribers only.
Advent International has shortlisted KKR & Co. and Blackstone Group Inc. among suitors for its mattress business King Koil China that could be valued at as much as $2 billion in a sale, according to people familiar with the matter.
Affinity Equity Partners and Hillhouse Capital were also picked to proceed to the next round of bidding, said the people, who asked not to be identified as the information is private. Bain Capital and PAG, a Hong Kong-based alternative asset manager, are among the shortlisted bidders as well, the people said.