Nordic Capital has approached the banks to float the company on the Stockholm Stock Exchange, according to Reuters, which cited three sources with knowledge of the matter.
Thule, which also makes bike racks, bags and other transportation products could be worth more than SEK10bn ($1.5bn) including debt, according to two of the sources.
Nordic Capital originally invested in the company in 2007 tapping capital from its sixth and seventh funds.
Thule posted a turnover of €660m in 2013.
In April this year Nordic Capital and Apax Partners reportedly hired financial advisors to consult on a stock market listing of Swedish healthcare group Capio.
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