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CVC, Cinven and PAI among early bidders for IRCA

privateequitywire

3 weeks ago

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Private equity firms including CVC Capital Partners and Cinven are among the initial bidders for Italian dessert ingredients manufacturer IRCA, according to a report by Reuters citing unnamed people familiar with the process.
A third source said PAI Partners has also submitted a bid, as the auction for the business moves into its early stages.
The sale process is being closely watched as a barometer of investor demand for large buyouts in a volatile macroeconomic environment, with advisers notin...

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