Private equity firms Bain Capital and Apollo Global Management are among several firms holding discussions about the potential purchase of Continental AG 's industrial unit, ContiTech. Industrial components manufacturer ContiTech is valued at $4.1 billion, Bloomberg reported . Deutsche Bank AG and Perella Weinberg Partners are running the sale process. The process is understood to be ongoing and plans are subject to change. Meanwhile, other private equity firms such as Advent, CVC Capital Partners have joined together to make an offer for the business. Platinum Equity, KPS Capital Partners and Clearlake Capital are also holding discussions in the bidding process. In January, the company appointed Christian Kotz CEO and chairman of the board. Nikolai Setzer stepped down from his role after more than 16 years as a board ... Full story available on Benzinga.com
Apollo, Bain Compete For Control Of Continental Industries
