Bain Capital is set to receive final bids for the $1 billion sale of French electrical connectors maker FCI’s unit, Reuters reports. The potential buyers are Astorg Partners, Axa Private Equity, Unitas Capital, Blackstone, Carlyle Group and TPG. The transaction will be funded through a leveraged buyout, with banks associated to sponsors including Commerzbank, Goldman Sachs, ING, Lloyds and Royal Bank of Canada. Goldman Sachs and Citigroup are managing the sale. Bain originally bought state-owned French nuclear reactor maker Areva’s FCI connectors business for over €1 billion.
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