DSM-Firmenich Reengages Apollo as CVC's Offer Faces Challenges

DSM-Firmenich AG has once again brought Apollo Global Management Inc. back into the competitive bidding for its animal nutrition and health division. This move intensifies the competition with CVC Capital Partners Plc, sources with direct knowledge of the proceedings have shared.

Complications in the Auction Process

The planned sale has encountered obstacles primarily due to disagreements over pricing and issues related to the vitamins segment of the business. In response, both interested private equity firms have urged DSM-Firmenich to consider detaching the vitamins unit from the sale portfolio, according to individuals who have requested anonymity because the negotiations are confidential.