|Day's Range||120.50 - 122.75|
|52 Week Range||119.50 - 410.00|
|PE Ratio (TTM)||32.24|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
FRANKFURT/LONDON, Oct 27 (Reuters) - Buyout group Ardian has won the bidding for German residential and technical lighting products maker SLV, its owner Cinven said on Thursday, confirming a Reuters report. Ardian beat off bidders such as 3i, Triton, Pamplona and Lone Star, people familiar with the matter said. Cinven did not disclose financial details but two people close to the deal said Ardian's offer valued SLV at around 800 million euros ($872.32 million) including debt.
Buyout group Cinven has short-listed four other private equity groups in its auction of German residential and technical lighting products maker SLV, people close to the matter said. Ardian, 3i, Triton and Lone Star have been asked to prepare second-round bids for the asset, which is expected to be sold at a valuation of 750-800 million euros ($843-$899 million), they added.
Buyout group Cinven is preparing to sell German residential and technical lighting products maker SLV in a potential 800 million euro ($911 million) deal, three people familiar with the matter said. The private equity investor has asked Goldman Sachs to organise the sale which it plans to officially launch in the second half of this year, the sources said. Cinven and Goldman Sachs declined to comment.