Both firms will look to back the sale with about €300m of debt if either wins the bid, Reuters reported on Friday.
The report said final bids are due in mid-April, although a previously shelved IPO has not been ruled out as a possible exit route.
Bankers are said to be arranging a debt package to finance a $300m takeover, equivalent to around five times the company’s earnings before interest, tax, depreciation and amortisation of $60m.
Bridgepoint, which bought a majority stake in the company in 2006, was one of a number of firms that cancelled plans to list on the public markets over the last two years due to volatility.
Yesterday private equity-backed theme park operator Merlin Entertainments said it was considering relaunching its drive to become a public company two years after pulling the plug on its last IPO.
Cinven is also believed to be reviving plans for its IPO of Italian aerospace company Avio after cancelling the process last year.
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