CVC set to sell ink maker, Flint, to Koch, Goldman: sources

FRANKFURT Tue Apr 8, 2014 3:48pm EDT

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FRANKFURT (Reuters) - Private equity firm CVC Capital Partners Ltd CVC.UL is in advanced talks to sell its printing-ink maker, Flint Group, to Koch Industries KCHIN.UL and Goldman Sachs Group's (GS.N) private equity arm, two people familiar with the transaction said on Tuesday.

A deal valuing the group at more than its 2013 sales of 2.2 billion euros ($3 billion) could be struck as early as this week, said the sources, who asked not to be named because the matter is not public.

CVC and Goldman Sachs declined to comment, while no one at Koch, one of the largest privately held companies in the United States, was immediately available for comment.

Bloomberg News reported earlier on Tuesday that Koch and the Goldman Sachs unit are near an agreement to buy Flint.

In 2010 CVC tried unsuccessfully to list Flint, having built up the company with follow-on acquisitions after merging ink businesses bought from BASF (BASFn.DE) and Akzo Nobel (AKZO.AS) in 2004.

Luxembourg-based Flint Group is one of the largest suppliers to the printing and packaging industry worldwide, according to its website.

($1=0.7277 euros)

(Reporting by Arno Schuetze and Alexander Hübner; editing by Greg Mahlich and Matthew Lewis)

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