Rexam/Ball divestments said to attract big PE, Silgan

04 February 2016 - 12:00 am UTC

4 February 2016 – Private equity firms Apollo Global Management, Blackstone Group, CVC Capital Partners, Onex Partners and Madison Dearborn are understood to be competing with Silgan Holdings (NASDAQ:SLGN) for assets that Ball (NYSE:BLL) and Rexam (LON:REX) are divesting.

The US and UK metal can manufacturers are looking to sell a global collection of assets to secure antitrust regulatory clearance in the US, Europe and Brazil. While informal talks with suitors have been taking place for months, serious discussions had to wait for the companies to reach an agreement with regulators on what manufacturing assets to sell.