By Liz White, ERJ staff
Hannover, Germany-ContiTech AG is in talks with private equity group Orlando Management GmbH about selling its automotive door and window sealing unit ContiTech Sealing Systems, a spokesperson for ContiTech confirmed 26 July. The deal may be concluded during August, the spokesperson added.
The potential buyer is a fund advised by Munich-based Orlando, Special Situations Venture Partners Fund, according to an Orlando spokesman.
Special Situations is the holding company for SG Sealing Ltd, the former SaarGummi automotive profiles and rubber moulding business…