Blackstone, CVC Are Among Suitors for Bayer Pest Control Unit
- Sale also draws Bain, Carlyle, Cinven, Platinum and Triton
- Bayer seeking about 2 billion euros for pesticides business
This article is for subscribers only.
Blackstone Inc. and CVC Capital Partners are among those considering bids for Bayer AG’s pest control products, used for everything from killing rats to maintaining golf courses, according to people familiar with the matter.
Bayer’s Environmental Science Professional business is also attracting initial interest from Bain Capital, Carlyle Group Inc., Cinven, Platinum Equity and Triton, the people said, asking not to be identified discussing confidential information. Bayer is seeking about 2 billion euros ($2.3 billion) for the asset, they said.