Advent International, Bain Capital and PAI Partners are among the bidders for Oberthur’s mobile smart-card security and identity protection units, The Wall Street Journal reports. The divisions are expected to be valued at around €1 billion.
The second-round bids for the French technology company’s units are due by the end of this month. Oberthur seeks to use the sale proceeds to fund an offer for banknote printer De La Rue.
Click here for the story from The Wall Street Journal.