CVC Looks To Sell Taminco

CVC Capital Partners is yet again seeking to sell its Taminco amine-derivatives operation, Bloomberg reports. The move follows the failure to strike a deal with synthetic rubber maker Lanxes, which had offered about $1.4 billion for the business.

CVC is now tapping private equity firms, including Advent International Corp. and Apollo Global Management, for acquisition bids. Equity market volatility is causing hindrance for a planned initial public offering of Taminco.

Click here for the story from Bloomberg.