Mauser is expected to be valued at €1.2bn in a deal, said Reuters, citing banking sources.
DIC bought the company for €850m from JP Morgan’s buyout division in 2007 and put it on the block earlier this year.
Bankers are currently preparing a debt package of around €1bn, or 6.25 times Mauser’s EBITDA of €154m.
Private equity firms Ardian and Blackstone also participated in the auction and were looking to buy Mauser for €1bn.
Last year Mauser extended the maturities of more than 96 per cent of its senior debt facilities totalling €678m.
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