Advent, Lone Star Among Bidders for Reckitt Homecare Assets

Advent and Lone Star Funds are among private equity firms bidding for a package of homecare assets being sold by Reckitt Benckiser Group Plc, people with knowledge of the matter said.

Apollo Global Management Inc. is also pursuing the homecare brands, according to the people, who asked not to be identified because the information is private. Reckitt is seeking as much as £5 billion ($6.2 billion) for the portfolio, though some suitors are offering below that amount, the people said.