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Advent, Carlyle considering bid for DuPont's $12 billion unit - Bloomberg News

Published 12/09/2021, 03:09 PM
Updated 12/09/2021, 03:25 PM
© Reuters. FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo

(Reuters) - Carlyle Group (NASDAQ:CG) Inc and Advent International Corp are among several buyout firms considering a bid for DuPont (NYSE:DD) Inc's mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter.

Apollo Global Management (NYSE:APO) Inc and CVC Capital Partners are also studying the business, which could be valued at as much as $12 billion, according to the report.

Shares in DuPont rose around 1% in afternoon trading.

DuPont, once part of the erstwhile chemical giant DowDuPont has been tweaking its portfolio. It has separated its Nutrition & Biosciences business, agreed to divest two other businesses, and struck a deal to buy Laird Performance Materials for $2.3 billion in July.

© Reuters. FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo

The company, which makes everything from brake fluid to fabric for protective garments, is working with Goldman Sachs Group Inc (NYSE:GS) to gauge interest in the unit, the report added.

DuPont declined to comment on the report.

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