Bids for the Toulouse-based business are due by the end of the month according to Bloomberg, which cited a person familiar with the process.
LBO France has reportedly hired Rothschild to sell the business, with another source saying the deal could be valued at seven to eight times the company’s EBITDA.
That currently stands at about €40m this year, while revenues are about €240m.
The sale comes seven years after LBO bought the business, and three years after a previous sale attempt was put on hold.
The firm had considered collecting an extra €350m for its White Knight VII fund, which has expended all of the €851m it raised in 2008 according to the FT.
People with knowledge of the plans told the newspaper investors were given the option to sell part of their assets in the fund to new LPs, with the fund period being extended by two years.
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