Venture Capital
A combination of trade buyers and private equity funds have recently submitted indicative bids for the asset, the sources said. A valuation for the firm, which posted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of 74 million euros in 2012, could not immediately be determined. Among its main product lines Global Closure Systems has plastic lids for mineral water and milk bottles, as well as child resistant closures for pharmaceutical products. Headquartered on the outskirts of Paris, the company sells its products in more than 100 countries worldwide. It mandated Goldman Sachs to sell clothing outlet Cortefiel in Spain...