(Bloomberg) -- Advent International and CVC Capital have submitted a joint bid to buy Hungary-based Partner in Pet Food, which is currently owned by UK buyout group Cinven, the Financial Times reported on Sunday.

Talks are ongoing there is no certainty that a deal will be reached, unidentified people familiar with the matter told the FT.

Cinven had previously sought a valuation of roughly €2 billion for the maker of animal food, one of the people said. Advent, CVC and Cinven declined to comment to the FT.

 

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