A final decision could be reached within days, although the discussions could also take longer or fail to produce an agreement. Another potential buyer could still emerge during the process.

Syntegon produces packaging machinery used in the pharmaceutical and food industries. The company was previously known as Bosch Packaging Technology.

CVC Capital Partners acquired Syntegon from Robert Bosch in 2019 in a transaction that valued the business at around $1bn.

The current discussions follow an earlier attempt by CVC to explore a full sale of the company last year, which attracted interest from both private equity investors and strategic buyers.

Private equity firms have recently increased their focus on industrial businesses and other assets linked to the real economy.

The potential transaction highlights continued investor appetite for industrial technology platforms with exposure to resilient end markets such as pharmaceuticals and food production.

If you think we missed any important news, please do not hesitate to contact us at [email protected].