Apollo Global Management and Bain Capital are among a group of buyout firms progressing in the auction for Continental AG’s industrial division ContiTech, according to a report by Bloomberg citing people familiar with the matter.
The business, which manufactures industrial components including conveyor belts and air springs, could reportedly be valued at between approximately €3.5bn and just over €4bn. Financing packages of around €2.5bn are being explored to support a potential transaction.
The people cautioned that discussions remain ongoing, with no final decisions taken on valuation or timing.
Other bidders include a consortium of Advent International and CVC Capital Partners, alongside Platinum Equity, KPS Capital Partners and Clearlake Capital, all of which have advanced to the next stage of the process.
A sale of ContiTech would mark the final step in Continental’s broader break-up strategy, as the German group reshapes its portfolio amid ongoing pressure on Europe’s automotive supply chain.
