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Alfa Laval, Honeywell bid for air treatment firm Munters - sources
December 21, 2016 / 3:23 PM / a year ago

Alfa Laval, Honeywell bid for air treatment firm Munters - sources

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

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