Fountainvest, TPG, Warburg among final-round bidders for Carlyle's Ambio stake

Fountainvest, TPG, Warburg among final-round bidders for Carlyle's Ambio stake

FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle Group’s stake in AmbioPharm Inc, people with knowledge of the transaction told Reuters.

Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in the coming days, said three of the people. A deal could be reached by end-September at the earliest, said one of them.

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