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Bloomberg: Carlyle-owned PQ Holdings receives several bids

  • Bloomberg reports Blackstone, KKR, and Clayton Dubilier & Rice have made bids for Carlyle-owned (CG) chemicals maker PQ Holdings. In addition, specialty chemicals maker Albemarle is said to be interested. Two sources think PQ could fetch $3B-$4B.
  • PQ filed for a $450M IPO last month. But the move is widely seen as an attempt by Carlyle to pursue a dual-track process, rather than an abandoning of sale attempts.
  • Previously: Carlyle reportedly prepping IPO or sale of PQ
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