Gardner Denver, private-equity firms said to renew talks
5 months, 1 week ago
Meetings will begin next week with Advent and KKR, as well as a team formed by Onex Corp. and TPG Capital
Gardner Denver Inc. (GDI), the industrial equipment maker seeking a buyer, attracted renewed interest from suitors KKR & Co. and Advent International Corp. after talks with SPX Corp. (SPW) ended, said people familiar with the matter.
Meetings will begin next week with Advent and KKR, as well as a team formed by Onex Corp. and TPG Capital, said the people, who asked not to be named as the process is private. The company, which has a market value of more than $3.3 billion, canceled talks with the firms last month to work on a deal with fellow equipment maker SPX, a person with knowledge of the matter said then.