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Report: Private equity firms to submit bids for Bosch's packaging machinery unit

Buyout firms Triton, Bain Capital Private Equity LP, KKR & Co., Cinven Ltd. and Onex Corp. are likely to join the first round of bidding for the packaging machinery unit of German automotive supplier Bosch, Reuters reported, citing people familiar with the sale.

The potential buyers are expected to submit their offers by a pre-Easter deadline, and the target company could be valued at €500 million to €600 million, including debt, the sources reportedly said.

Italian engineering group Coesia SpA and German industrial holding company Körber AG are also planning to bid for the business, the sources added, according to Reuters.