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Report: EQT, BC Partners expected to bid for Permira's Althea Group

BC Partners and EQT AB could separately bid for Althea Group SpA in a deal that could value the medical equipment service company at about €800 million, Reuters reported, citing two sources familiar with the matter.

First-round bids are expected during the week of Oct. 21, the sources said.

Althea was acquired by Permira Advisers Ltd. in 2014. Permira tapped Goldman Sachs to find a buyer for the business.

EQT did not comment, while Permira, BC Partners and Goldman Sachs had no immediate comment, the news outlet said.