Blackstone (BX) and several other US investment funds are expected to take part in an initial bidding round in early June as Nikkon Holdings weighs going private, Bloomberg News reported Wednesday, citing unnamed people familiar with the matter.
Bain Capital and Warburg Pincus are also anticipated to join the bidding for the Japanese logistics firm, the news outlet reported.
A second round of bidding is projected to take place in August, Bloomberg quoted the people as saying.
Blackstone, Bain Capital, and Warburg Pincusdid not immediately respond to MT Newswires' request for comment, while Nikkon Holdings could not be reached.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)