Bidders Reconsider Offers for Sport Group

IK Investment Partners' sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported Wednesday. Bankers are concerned that Sport Group's earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around 200 to 250 million euros. Nordic Capital has already pulled out of the process.

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