According to Dow Jones Newswires, Evonik Industries has short listed around half a dozen bidders to move to the second round of the auction of its carbon black business.
Buyout firms through to the second round are likely to include Advent International, Triton Partners and Rhone Capital, the people said. Likely strategic buyers include Phillips Carbon Black Ltd., part of Indian conglomerate RPG Group, U.S. Columbian Chemicals, which is owned by Equity One Partners and India’s Aditya Birla Group which is currently in talks to Buy Columbian Chemicals. U.S. Cabot Corp (CBT) which competes in the sector may also be interested.
[…] As reported here last week, Evonik has short-listed a group of around six bidders for the second round of bidding, which is expected to commence next month. This group includes buyout firms including Advent International, Triton Partners and Rhone Capital as well as strategic buyers including Phillips Carbon Black Ltd., Aditya Birla Group, and Cabot Corporation. […]
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