08:37 AM EDT, 04/03/2025 (MT Newswires) -- Private equity firms including Apollo Global Management ( APO ) , Bain Capital, CVC Capital Partners, and Lone Star Funds are exploring potential offers for DSM-Firmenich's animal nutrition and health business, which could be valued at around 3 billion euros ($3.32 billion), Bloomberg reported late Wednesday, citing people familiar with the matter.

Dutch animal nutrition firm Nutreco and agricultural traders Archer-Daniels-Midland ( ADM ) and Cargill have also been invited to bid, the report said.

DSM-Firmenich, listed in Amsterdam with dual headquarters in the Netherlands and Switzerland, is working with UBS Group and Piper Sandler to gauge interest in the unit, the people told Bloomberg.

The company expects to receive indicative bids by April 17, Bloomberg said, adding discussions are ongoing and may not lead to a transaction.

Representatives for DSM-Firmenich, Apollo, Bain, CVC, Lone Star, UBS, and Piper Sandler didn't immediately respond to requests for comment.

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