Germany’s Norma Said to Reject Buyout Bids in Recent Months

Aaron Kirchfeld

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Norma Group SE, a German maker of hose clamps and pipe connections for everything from cars to washing machines, rejected several takeover approaches in recent months from bidders including Carlyle Group Inc., people familiar with the matter said.

The company, based in Maintal near Frankfurt, explored a potential sale with advisers toward the end of 2022, according to the people, who asked not to be identified because discussions are private. At least three buyout firms showed interest, including Carlyle, which made multiple approaches at a significant premium, the people said.