PCB Eyes PE Partner To Buy Evonik Unit

Phillips Carbon Black (PCB), a unit of RPG Group, is searching for a private equity company to partner in buying Evonik Industries’ carbon black unit, Bloomberg reports. PCB may consider making a bid with Apollo Management or Triton Beteiligungsberatung.

PCB is seeking to buy an about 60% stake in the Evonik unit for €900 million. Evonik has appointed Barclays Capital to advise on the sale process. The next round of bids will start from Feb. 25, 2011.

Click here for the story from Bloomberg.