US EditionCinven explores €3.5bn exit for former Bayer unit Envu - Private Equity Wire
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Cinven explores €3.5bn exit for former Bayer unit Envu - Private Equity Wire
European private equity firm Cinven is evaluating a potential sale of Envu, the former Bayer environmental science unit it acquired in 2022, according to a report by Bloomberg citing sources familiar with the matter. The firm has engaged Bank of America and Barclays to conduct a strategic review of the business, which could fetch a valuation of approximately €3.5bn ($4.1bn). A formal sale process could be launched in the coming months, with init…
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