Carlyle considers $6 billion sale or IPO for Novolex – Bloomberg
A normal view of the foyer exterior the Carlyle Group workplaces in Washington, Could 3, 2012. REUTERS/Jonathan Ernst/File Picture
Sept 12 (Reuters) – Carlyle Group Inc is contemplating both a $6 billion sale or preliminary public providing (IPO) for packaging firm Novolex Holdings, which it purchased greater than 4 years in the past, Bloomberg stated on Sunday, citing folks aware of the matter.
The non-public fairness agency has been interviewing banks for a strategic evaluate of the Hartsville, South Carolina-based firm within the first half of 2022, the report .
Novolex might be valued at about $6 billion ought to Carlyle select to promote the corporate or go for an preliminary public providing, though no closing choice has been made and the agency might elect to maintain the enterprise, Bloomberg reported.
Novolex operates dozens of crops globally with manufacturers together with Hilex Poly, Duro Bag and Burrows Packaging, in response to the corporate’s web site.
Carlyle and Novolex didn’t instantly reply to a request for remark.
Reporting by Kanishka Singh in Bengaluru; Enhancing by Christian Schmollinger
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