Private equity firms, such as Blackstone Group and Affinity Equity Partners, may acquire a 50% stake in Australian meat products company Primo Smallgoods, Reuters reports. The sale is expected to fetch about $950 million.
Affinity is coordinating with about 12 banks on a financing package to back its potential bid. Primo Smallgoods had earlier appointed Macquarie Capital to run a dual-track IPO and sale process.
Click here for the story from Reuters.