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Bain Weighs Options For FCI
U.S. private equity firm, Bain Capital, is weighing options for France’s FCI.
U.S. private equity firm, Bain Capital, is weighing options for France’s FCI, Bloomberg reports. The Massachusetts-based firm is reviewing whether to sell of the electrical connector maker’s automotive unit or sell shares of the rest of the company through an IPO or to seek offers for the entire business.
Bain has appointed Goldman Sachs to advice on options for the Versailles-based company, which is valued at about $2.2 billion. Bain acquired FCI from French nuclear-reactor maker, Areva, for €1.07 billion in 2005.
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