Partners Group in talks to acquire ROSEN

The Swiss private equity firm is emerging as the likeliest buyer for ROSEN after beating out other bidders, sources said.

It’s now trying to negotiate final terms of a deal, according to sources, who asked not to be identified because the information is private.

ROSEN’s owners have been seeking as much as US$4 billion for the business, Bloomberg News has reported.

Some bids came in well below that, and sources have commented that ROSEN’s backers may decide to keep the business if their value expectations are not met.

The company’s family shareholders may retain a minority stake in any deal. However, all discussions are ongoing and talks could fall apart without an agreement.

A representative for Partners Group declined to comment, while a spokesperson for ROSEN didn’t immediately respond to requests for comment.

Founded in the early 1980s, Stans, Switzerland-based ROSEN designs and manufactures devices for checking the integrity of oil and gas assets such as pipelines and storage tanks.

Any deal would add to the US$275 billion of mergers and acquisitions targeting the industrial sector this year, according to data compiled by Bloomberg.

The company has been working with Baird & Co. to gauge interest from possible suitors, Bloomberg News reported in June 2023.

Brookfield Asset Management and Thomas H Lee Partners were also among parties earlier pursuing the business, people with knowledge of the matter have said.

Read the article online at: https://www.worldpipelines.com/business-news/08112023/partners-group-in-talks-to-acquire-rosen/