Advent and Carlyle Group are planning to sell a minority stake in German specialist metals and ceramics company, HC Starck, Reuters reports. The private equity groups are seeking to either sell shares in a public offering or directly to investors.
Investment bank, Rothschild, has been appointed to choose banks to run the sale process. Advent and Carlyle purchased the maker of refractory metals and advanced ceramics for €1.2 billion from Bayer in 2007.
