New York-based private equity firm nearing agreement to purchase Germany-based industrial packaging company Mauser from UAE-based investment firm, according to unnamed sources, Bloomberg reports; firm may pay about €1.2B

NEW YORK , May 8, 2014 () – Clayton Dubilier & Rice LLC, one of the oldest private-equity firms, is nearing an agreement to buy German industrial packager Mauser from Dubai International Capital, people with knowledge of the talks said.

CD&R beat competitor Ardian and a deal may be announced shortly, said the people, who asked not to be identified because they weren’t authorized to speak publicly. CD&R may pay about 1.2 billion euros ($1.7 billion) for Mauser, one of the people said.

To contact the reporters on this story: Aaron Kirchfeld in London at akirchfeld@bloomberg.net; Kiel Porter in London at kporter17@bloomberg.net; Dinesh Nair in Dubai at dnair5@bloomberg.net To contact the editors responsible for this story: Edward Evans at eevans3@bloomberg.net Aaron Kirchfeld

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