Published by Global Banking & Finance Review®
Posted on March 23, 2026
2 min readLast updated: March 23, 2026
Add as preferred source on GoogleApollo Global and Bain Capital are among bidders, including Advent–CVC, Platinum Equity, KPS, and Clearlake, for Continental’s ContiTech industrial unit, potentially valued at €3.5 billion; Continental’s move aligns with its strategy to focus solely on tyres.
March 23 (Reuters) - Private equity firms including Apollo Global Management and Bain Capital are weighing bids for tyremaker Continental's industrial division in a deal that could value it at roughly 3.5 billion euros ($4.06 billion), Bloomberg News reported on Monday.
Other bidders in the next round for rubber and plastics division ContiTech include Advent and CVC Capital Partners, which are partnering on a joint offer, along with Platinum Equity, KPS Capital Partners and Clearlake Capital, the report said, citing people familiar with the matter.
It added that talks are ongoing, and neither the size nor the timing of the deal have been finalised.
Apollo and CVC declined to comment. Continental, Advent, Bain Capital, Clearlake, KPS and Platinum did not immediately respond to Reuters' requests for comment.
Continental has been undergoing a major restructuring as it pushes to become a pure-play tyre company, as car manufacturers and their suppliers struggle with U.S. tariffs, weaker demand, intensifying Chinese competition and negative foreign exchange effects.
($1 = 0.8625 euros)
(Reporting by Dagmarah Mackos; Editing by Tomasz Janowski and Jan Harvey)
Apollo Global Management, Bain Capital, Advent and CVC Capital Partners (jointly), Platinum Equity, KPS Capital Partners, and Clearlake Capital are among the main bidders.
The deal could value Continental's industrial unit at around 3.5 billion euros ($4.06 billion).
Continental is restructuring to become a pure-play tyre company amid global market pressures, including weaker demand and rising competition.
No, talks are ongoing and neither the size nor the timing of the deal have been finalized yet.
Apollo and CVC declined to comment, while other involved parties did not immediately respond to requests for comment.
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