Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, March 24, 2011

REFILE-Four bidders circle HgCapital's SLV Group -sources, (MQG), (NYSE: MS)

Four private equity firms remain in the hunt for SLV Group, the German lighting business owned by HgCapital which could fetch more 400 million euros ($562 million), people familiar with the matter said. European buyout houses BC Partners [BCPRT.UL], Charterhouse [CHCAP.UL] and Cinven [CINV.UL] are all in the second round of the auction being run by Macquarie (MQG.AX), two people said. U.S. firm Lyndsay Goldberg, established a decade ago by former Morgan Stanley (MS.N) private equity executives Alan Goldberg and Robert Lindsay, also remains in the process, those people said.

Source