According to a Reuters report from last week, private equity firm TPG Capital LP, is one of the final bidders for Macdon Industries Ltd.
The Reuters report referenced three unnamed sources for the news. The sources tell Reuters that TPG Capital is "working on making a binding bid for MacDon by the mid-July deadline for final offers," the report states.
The report says there are also several other parties including Berkshire Partners LLC, evaluating potential bids for MacDon. Representatives for MacDon, TPG and Berkshire Partners did not respond to requests for comment. The Canadian manufacturer makes windrowers, draper headers for combines and other agricultural equipment.
News of the initial bidding process for MacDon broke in April.
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