Private equity majors CVC and Bain Capital have been linked with potential bids for Permira-backed Israeli irrigation business Netafim, which could sell for up to $1.5bn.
Goldman Sachs is running a sale process for Netafim, which could be tied up within the next few weeks according to two banking sources which spoke to Reuters.
They said Chinese investment firms Fosun International and Primavera Capital were also potential bidders.
Permira picked up a 61 per cent stake in Netafim in 2011, with the company having an enterprise value of about $1bn at the time.
The company, which was founded in 1965, provides smart drip and micro irrigation solutions for sustainable agriculture.
Netafim currently employs about 4,300 people across 10 countries.
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