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Clayton Dubilier & Rice in pole position to buy packaging group Mauser

24 Mar 2014

german flag 2_sqPrivate equity firm Clayton Dubilier & Rice (CD&R) is reportedly in pole position to buy German packaging business Mauser.

CD&R is likely to outbid three other suitors for Mauser, which is owned by Dubai Holding’s private equity unit, said Sky News.

Mauser could be valued at around seven times its expected EBITDA of €150m, sources familiar with the auction told Reuters.

The report noted that this would be consistent with the valuation of its US-based peer Greif, which is trading at 6.8 times its EBITDA.

Last month it was reported that private equity firms Ardian and Blackstone are looking to acquire European industrial packaging company Mauser for over €1bn.

Last year Mauser extended the maturities of more than 96 per cent of its senior debt facilities totalling €678m.

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