FRANKFURT/LONDON, Dec 21 (Reuters) - Alfa Laval and Honeywell are bidding for private equity-owned Swedish air treatment group Munters in a potential 10 billion Swedish crowns ($1.08 billion) deal, people close to the talks said.
Private equity firms such as TPG, Bain, KKR and EQT have also handed in first round bids by a mid-December deadline, the sources said.
Lenders are working on debt financings of up to 5.5x Munters approximate EBITDA of 780 million Swedish crowns ($84 million) split between a mix of senior and subordinated leveraged loans, banking sources said.
Nordic Capital and the potential buyers declined to comment or were not immediately available for comment.
($1 = 8.6419 Swedish crowns)
$1 = 0.9092 euros Editing by Tina Bellon