British private equity group Arle Capital is on the verge of selling Dutch engineering firm Stork Technical Services, the Financieele Dagblad says on Thursday.
The sale comes at a difficult time because of the low oil price, but one source told the paper the company could change hands for around €600m. Stork Technical Services focuses on installations for the oil, gas and petrochemicals industry.
CVC, Bain Capital and Carlyle are among the names mentioned as potential buyers, the paper said. Arle took over the company in 2010 when it bought parent firm Stork from private equity group Candover.
In July, Arle sold the other main Stork unit, Fokker Technologies, to British engineering company GKN for €706m.
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