Deals
Ontex’s Top Investor Weighs Buyout of Diaper Maker
- Belgian investment firm GBL speaks with potential partners
- Brussels-listed Ontex has long been seen as takeover target
Photographer: Jamie Grill/Blend Images/Getty Images
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Groupe Bruxelles Lambert SA is considering a bid to take diaper maker Ontex Group NV private, according to people familiar with the matter.
The Belgian investment firm has held on-and-off talks with potential partners, including private equity firms and owners of similar brands, about a deal to buy out Ontex’s minority shareholders, the people said. It’s already Ontex’s biggest investor with a 20% stake.