The sale of AHT Cooling, an Australian refrigeration manufacturing company operated by Quadriga Capital, has invited the interest of several bidders including Bridgepoint and EQT.
The two private equity firms are among those to have succeeded and moved to the second round of the bidding, along with Ontario Teachers.
Trade buyers and private equity firms IK Investment Partners and TPG have also expressed interest in the deal, according to the bankers.
Quadriga will be selling AHT Cooling for EUR 500 million (USD 659.67 million). According to Reuters LPC, Quadriga acquired AHT Cooling attached with EUR 225 million (USD 296.5 million) worth of debt in 2007.
Quadriga Capital has hired advisers Macquarie and William Blair for the deal.
Bankers are currently organizing debt packages valued around EUR 350 million that will comprise senior leveraged loans as well as subordinated debt and will be offered to potential purchasers as assistance for the buyout.
Rottenmann-based AHT Cooling boasts sales valuing EUR 292 million as of 2012 and produces high quality, commercial refrigeration equipment for supermarkets.
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