Mid-market private equity shop HgCapital is planning to sell talc mining and processing company Mondo Minerals, Reuters reported. The firm has hired Lazard to help sell the business, which it values between 300 million and 400 million euros ($425 million-$565 million). HgCapital acquired Amsterdam-based Mondo in 2007. No terms of the original sale were disclosed.
(Reuters) – Mid-market private equity firm HgCapital is selling Mondo Minerals, the world number two talc mining and processing company, three people familiar with the process said on Friday.
The firm has hired Lazard (LAZ.N) to sell the business it hopes could fetch 300 million to 400 million euros ($425 million-$565 million), those people said.
The Amsterdam-headquartered business owns mines and processing operations in Finland, as well as processing facilities in the Netherlands, producing additives for paper, paints and plastics.
HgCapital declined to comment.
By Simon Meads and Isabell Witt
(Editing by Douwe Miedema)