Global private equity and venture capital news and research

LafargeHolcim unveils asset sale plan

7 Jul 2014

tarmakPrivate equity firms are reportedly interested in assets put up for sale by Holcim and Lafarge to secure regulatory approval for their proposed merger.

Mining giant Anglo American has agreed to sell its stake in a tarmac and aggregates business for at least £885m, most of which will then be sold, the companies said in a statement.

Holcim has hired Credit Suisse and HSBC, while Morgan Stanley and BNP Paribas are advising Lafarge on the asset sale, people with knowledge of the situation told Bloomberg.

Private-equity firms CVC Capital Partners and KKR are considering bids for the assets, which could be worth as much as €5bn, said the people.

Meanwhile, KKR and fellow private equity firm TPG Capital are said to be looking to buy a majority stake in food retailer Kuwait Food Co, also known as Americana.

At least six firms are considering bidding for the $5bn stake in the company, which is held by the Kuwait-based billionaire al-Kharafi family, according to a Bloomberg report.

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