minimax

Fire Sale: PE Bidders Sought in Billion Dollar Minimax Deal

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May 8, 2014

This week’s buyout of the week is a rumored sale of Minimax, a Germany-based fire extinguisher systems and device manufacturer. It is up for sale for USD 1.8 billion in a transaction initiated by its current PE owner, according to unnamed sources reported by Reuters. Bids are hoped to come from the likes of Blackstone, Cinven, Permira, CVC and Onex.

 

The valuation would enable its current owner, IK Investments, to double the money it invested in the group. The Minimax has a little over billion in revenues. If one of the PE groups win the bidding, it will be the third time the company has been traded amongst PE owners since Investcorp first purchased it in 2003.(Image source: Minimax website)

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