Reuters: Private Equity: US industrial groups eye Germany's Bartec -sources

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US industrial groups eye Germany's Bartec -sources May 23rd 2012, 15:21 By Simon Meads and Arno Schuetze LONDON/FRANKFURT | Wed May 23, 2012 11:21am EDT LONDON/FRANKFURT May 23 (Reuters) - Leading U.S. industrial groups and buyout firms are circling Bartec, a German maker of safety systems to prevent explosions in hazardous areas of oil and gas production, people familiar with the situation said. Ametek, Danaher and Honeywell are all eyeing the maker of analysis and electrical safety systems for companies including BP and Exxon Mobil. Its owner, the Swiss private equity group Capvis, hopes will fetch about 600 million euros ($765 million) at auction, three people said. Private equity groups including Bain, Carlyle Group, Cinven, Charterhouse, Clayton Dubilier & Rice, CVC and Permira are also looking at company data and considering bids, the people said.

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