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Bloomberg
Norma Group SE, a German maker of hose clamps and pipe connections for everything from cars to washing machines, rejected several takeover approaches in recent months from bidders including Carlyle Group Inc., people familiar with the matter said.
The company explored a potential sale with advisers toward the end of 2022, according to the people, who asked not to be identified because discussions are private. At least three buyout firms showed interest, including Carlyle, which made multiple approaches at a significant premium, the people said.
Norma rejected the proposals and it remains unclear whether sales talks will be revived, the people said. PAI Partners and Triton also looked at Norma at that time, they said.
Shares in Norma rose as much as 16% in early trading on Tuesday.