Reuters - KKR, TPG, Onex in Running for Gardner Denver

Private equity firm KKR Co & LP and a partnership of buyout firms TPG Capital and Onex Corp advanced to the next round of bidding for Gardner Denver Inc., several people familiar with the matter said this week, Reuters reported. The industrial machinery maker shortlisted a small group of bidders on Tuesday, including the two private equity groups, after reviewing initial takeover offers submitted last week, the people said. Blackstone Group and Bain Capital, which were participating in the auction process, did not advance to the second round of bidding, they said.

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