LONDON/NEW YORK May 27 Private equity firm
Warburg Pincus is exploring a sale of UK survival
equipment company Survitec and is looking at launching a process
this year, three sources familiar with the matter said on
Goldman Sachs is the frontrunner for the mandate of
Survitec, two of the sources said.
Survitec provides survival products from lifejackets to
The process is still at an early stage and no decisions have
yet been made, although both strategic and private equity
options are being explored, one of the sources said.
Warburg Pincus bought Survitec in 2010 from private equity
group Montagu for 280 million pounds ($471 million).
Warburg Pincus declined to comment.
($1 = 0.5952 British Pounds)
(Reporting by Freya Berry in London and Mike Stone in New York;
editing by Clare Hutchison)