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Report: Ardian considers sale of German toy manufacturer Schleich

Buyout firm Ardian is looking to sell German toymaker Schleich GmbH, Reuters reported, citing two people with knowledge of the matter.

Ardian, which acquired Schleich for €220 million in 2014, is working with JP Morgan on the sale process, the people told the news outlet.

Schleich, which is behind the Smurf figurines, could be worth more than €400 million in a deal, including debt, according to one of the sources.

Ardian and JP Morgan did not comment on the sale.