Deals
Advent, CVC Among Firms Eyeing Stake in Lufthansa’s Technik
- Technik stake also draws initial Bain, Blackstone interest
- Stake sale could value jet-repair unit at more than €6 billion
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Advent International and CVC Capital Partners are among private equity firms weighing bids for a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, people with knowledge of the matter said.
A stake in Lufthansa’s Technik business is also attracting initial interest from Bain Capital and Blackstone Inc., according to the people, who asked not to be identified discussing confidential information. Technik could be valued at more than €6 billion ($6.3 billion) in any deal, they said.