Hymer GmbH, German motorhome maker, has attracted bids from Airstream parent Thor Industries and private equity firm Centerbridge Partners that could value the company at about $2.3 billion, people familiar with the matter said.
This story by Eyk Henning and Sarah Syed originally appeared in Bloomberg.
Hymer’s family owners have received offers from four suitors and could decide about a sale in the next couple of weeks, the people said, asking not to be identified because the talks are private. No final decisions have been made, and if negotiations fail, Hymer may float a stake in Frankfurt early next year, they said.
In an initial public offering, the company could be valued at 2.5 billion euros to 3 billion euros, or about 10 times its expected earnings before interest, taxes, amortization and depreciation for 2019, some of the people said.
A Hymer spokeswoman said its owners are running a dual-track process and considering all options, without commenting further. Representatives for Thor and Centerbridge declined to comment.
