Cinven Weighs €3.5 Billion Sale of Former Bayer Unit Envu

Cinven is weighing options including a sale for Envu, a former Bayer AG unit that makes pest control chemicals for landscaping and facility management, according to people familiar with the matter.

The investment firm is working with Bank of America Corp. and Barclays Plc on a strategic review of the business, which could be valued at about €3.5 billion ($4.1 billion), the people said, asking not to be identified as the information is private. Cinven could start gauging interest from potential suitors as soon as the coming months before launching a formal process, the people said.