<p>American multinational private equity Carlyle Group Inc is considering either a $6 billion sale or initial public offering (IPO) for packaging company Novolex Holdings, which it bought more than four years ago, <em>Bloomberg </em>said on Sunday.</p>.<p>The private equity firm has been interviewing banks for a strategic review of the Hartsville, South Carolina-based company in the first half of 2022, said the people, who asked not to be identified because the information is private. </p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/sebi-bars-pnb-housing-shareholders-from-voting-on-rs-4000-cr-carlyle-deal-999519.html" target="_blank">Sebi bars PNB Housing shareholders from voting on Rs 4,000 cr-Carlyle deal</a></strong></p>.<p>Novolex could be valued at about $6 billion should Carlyle choose to sell the company or opt for an initial public offering, although no final decision has been made and the firm could elect to keep the business, sources told <em>Bloomberg</em>.</p>.<p>Novolex operates dozens of plants globally with brands including Hilex Poly, Duro Bag and Burrows Packaging, according to the company's website.</p>.<p>Carlyle agreed to buy Novolex for an undisclosed sum from peers Wind Point Partners and TPG Growth in November 2016. The firm has backed the management team, led by Chairman and Chief Executive Officer Stanley Bikulege, with acquisitions including Waddington Group in 2018 and Flexo Converters USA Inc. two months ago, according to statements by the company, <em>Bloomberg </em>reported.</p>
<p>American multinational private equity Carlyle Group Inc is considering either a $6 billion sale or initial public offering (IPO) for packaging company Novolex Holdings, which it bought more than four years ago, <em>Bloomberg </em>said on Sunday.</p>.<p>The private equity firm has been interviewing banks for a strategic review of the Hartsville, South Carolina-based company in the first half of 2022, said the people, who asked not to be identified because the information is private. </p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/sebi-bars-pnb-housing-shareholders-from-voting-on-rs-4000-cr-carlyle-deal-999519.html" target="_blank">Sebi bars PNB Housing shareholders from voting on Rs 4,000 cr-Carlyle deal</a></strong></p>.<p>Novolex could be valued at about $6 billion should Carlyle choose to sell the company or opt for an initial public offering, although no final decision has been made and the firm could elect to keep the business, sources told <em>Bloomberg</em>.</p>.<p>Novolex operates dozens of plants globally with brands including Hilex Poly, Duro Bag and Burrows Packaging, according to the company's website.</p>.<p>Carlyle agreed to buy Novolex for an undisclosed sum from peers Wind Point Partners and TPG Growth in November 2016. The firm has backed the management team, led by Chairman and Chief Executive Officer Stanley Bikulege, with acquisitions including Waddington Group in 2018 and Flexo Converters USA Inc. two months ago, according to statements by the company, <em>Bloomberg </em>reported.</p>
