Lufthansa Technik

Valuation €6bn
Sector Transport
Country Germany
Advisers JP Morgan and Citi
Status Company for sale
Possible bidders Advent, Blackstone, CVC, Carlyle, KKR, Bain
Comment
CVC Capital Partners and Advent International are exploring offers to acquire a minority interest in the aircraft maintenance and repair business of German airliner Deutsche Lufthansa, Bloomberg reported. Blackstone and Bain Capital have also shown interest in the unit. The unit may be worth more than €6bn. Non-binding offers are anticipated to be received in April.

EDPR 256 MW in wind power

Valuation €500
Sector Energy
Country Spain
Advisers –
Status Company for sale
Possible bidders –
Comment
EDP Renováveis, a Spanish energy company subsidiary of Portuguese power group EDP, has just put on the market a portfolio of 256 megawatts (MW) of wind power already operational in different regions of Spain whose value may be close to €500m, Expansion reported. The company has already distributed the teaser for the transaction throughout the market. The transaction could interest sovereign and pension funds, as well as infrastructure funds and insurance companies.

Italiana Petroli

Valuation €500
Sector Energy
Country Italy
Advisers –
Status Company for sale
Possible bidders Macquarie Capital
Comment
Italiana Petroli (IP), a privately held Italian petroleum company that is part of the Api Group, could sell a significant stake to investment group Macquarie Capital for €500m, Il Sole 24 Ore reported. Talks are advanced and a deal could be reached in the near future.

Telekom Srbija telecom towers

Valuation €400
Sector Telecoms
Country Serbia
Advisers Deloitte and UniCredit 
Status Company for sale
Possible bidders Macquarie Capital
Comment
State-owned telecoms provider Telekom Srbija is weighing a sale of its telecom towers in Serbia, Bosnia and Herzegovina, and Montenegro, Mergermarket reported. Deloitte and UniCredit are believed to have been mandated to guide the divestment process. Around 1,800 towers are slated for sale, of which some 1,000 are located in Serbia and around 700 in Bosnia and Herzegovina. The price tag is forecast between €400m and €500m.

International Gemological Institute

Valuation €250
Sector Consumer
Country Belgium
Advisers Deutsche Bank
Status Company for sale
Possible bidders Goldman Sachs, CVC Capital Partners, and Blackstone
Comment
Multiple global private equity (PE) funds, including Goldman Sachs, CVC Capital Partners and Blackstone, are considering submitting bids to acquire a controlling stake in Belgium-based International Gemological Institute (IGI), The Economic Times reported. The deal may value IGI at between $250m-$300m. China’s Fosun International, which purchased 80% stake in IGI in 2018, has decided to put IGI on the block, with Deutsche Bank acting as the sell-side adviser.

Based on dominant geography of target being European. Due to the pre-announcement nature of these deals, it is impossible to confirm the accuracy of the adviser details to the same level as on an officially announced deal. Some adviser details are based on unconfirmed speculative press reports. Source: Mergermarket

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