Capital bids for Herlitz

Capital Management Partners, the German turnaround specialist, has bid for stationery manufacturer Herlitz as private equity investment opportunities arising from insolvencies are set to grow across Europe, particularly in Germany.

If Capital succeeds in its bid for Herlitz, which is struggling to make payments on €400m ($392m) of debt, it will be the private equity firm's first deal, according to Michael Lanik, a Capital manager. The firm was created last year by management consultant Roland Berger.

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