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Old friends in joint bid for DMC2Cinven and Investcorp, which jointly bought Avecia last year, are one of two parties left in the auction for the German precious metals group. The competition are two US trade buyers, also bidding as a team.
- Cinven and Investcorp team up again
The private equity firms, which last year acquired the speciality chemicals division of AstraZeneca, have joined forces to bid for Degussa Huls.