Private equity firms have reportedly shown interest in United Spirits‘ Whyte & Mackay whisky unit.
Lion Capital and TPG Capital Management are likely to have made an offer, as are SPI Group and Italy’s Campari, said Reuters, citing sources familiar with the matter/.
The unit could be valued at £350m in a deal, but some sources said it could be valued much higher, according to the report.
First round bids were due earlier this week and second round bids are due next month, said the people.
The sale was proposed by United Spirits’ controlling shareholder Diageo last year.
Last October it was reported that Lion Capital was considering making an offer for Norwegian children’s furniture manufacturer Stokke.
Copyright © 2014 AltAssets