The sale, which could reach €1bn, will be launched in the first quarter according to Reuters, which cited two people familiar with the situation.
IK’s decision to sell comes just over a year after scrapping a planned exit in favour of a dividend recap.
The firm could also decide to float the business on the stock exchange, and is believed to be running a dual-process with that in mind, Reuters added.
IK bought the business form Investcorp in 2006, using €530m of bank lending to finance the deal, Bloomberg added.
It said that at the time Minimax had annual revenues of less than €500m.
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