PE firm Altor Equity Partners and SMS Group, are considering a potential sale of their stake in Bremen-based industrial services group Kaefer, in a deal that would value the business in excess of €2bn, according to a report by Bloomberg citing unnamed sources close to the matter.
The 50% stake currently held jointly by the two firms is being marketed with the assistance of Deutsche Bank AG. Kaefer, which employs around 35,000 staff, delivers technical services including insulation, scaffolding,...
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