Deals Rumor Mill: Yankee Candle, Billabong, 3i

Law360, New York (April 5, 2013, 1:15 PM EDT) -- Several private equity firms have cleared the first round of bidding for Yankee Candle Co. Inc., a company expected to fetch about $2 billion, sources told Reuters on Friday. In the coming weeks, Bain Capital LLC, Advent International Corp., CVC Capital Partners, Clayton Dubilier & Rice LLC and Ares Management LLC will sit down with Yankee management to discuss prospective terms. A sale to one of the contenders would lift ownership from another investment house, Madison Dearborn Partners LLC, which plunked down $1.6 billion for the...
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