PRINT THIS PAGE Competition increases for German Dynamit Nobel 15/01/2004. Source: AltAssets. 
 Competition is increasing between rival private equity firms for German engineering company, Dynamit Nobel. MG Technologies, which currently owns the company, hopes to sell for E2.5bn.
Three private equity consortia consisting of Kohlberg Kravis Roberts and Credit Suisse First Boston Private Equity, CVC and Goldman Sachs Capital Partners and Permira and Bain Capital have all reached the second round of bidding. Cinven and Apollo Management have also made individual offers for the company.
A number of strategic buyers have expressed interest in acquiring individual parts of Dynamit Nobel, including Dutch chemicals group DSM and US General Electric. But MG Technologies is believed to favour a buyer for the entire company.
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