Madison Dearborn, Tornante may seek sale of Topps: Bloomberg

Madison Dearborn Partners and Tornante Co are considering putting Topps Co up for sale, Bloomberg is reporting. The PE firms are talking to banks about strategic options for Topps, a baseball card maker, the story said. The most likely option is to split Topps card and candy business. The candy unit, which contributes most of Topps $40 million EBITDA, will likely be sold first, Bloomberg said. The total value of the company is $400 million.