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Cinven Is Said to Near Deal for Bayer’s Pest Control Unit

  • German company, buyout firm could announce deal this week
  • Bayer ran auction process for 2 billion-euro ESP business
A beaker of compound in the Bayer CropScience AG research and development facility in Frankfurt. 

A beaker of compound in the Bayer CropScience AG research and development facility in Frankfurt. 

Photographer: Alex Kraus/Bloomberg
Updated on

Cinven is nearing a deal to acquire Bayer AG’s pest control business, according to people with knowledge of the matter. 

The private equity group beat out other investment firms for the Environmental Science Professional unit, the people said, asking not to be identified discussing confidential information. A deal could be announced as soon as the coming week, the people said.