Deals Rumor Mill: Munters, Aquascutum, Freshii

By Benjamin Horney (December 21, 2016, 4:57 PM EST) -- A handful of companies, including Swedish industrial engineering company Alfa Laval AB and Honeywell International Inc., as well as private equity firms TPG Capital, Bain Capital, KKR & Co. LP and EQT Partners, are vying to acquire air treatment business Munters, Reuters reported on Wednesday. According to the report, all of the above have handed in first-round bids worth up to $1.1 billion to snatch Munsters from Nordic Capital. Reports over the summer said that Nordic Capital hired Goldman Sachs Group Inc. to assist with a sale of Munters, which posted revenues of €580 million ($606 million) in 2015 and was taken private by the Swedish private equity firm in 2010....

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