Siemens Energy is exploring the sale of its steam turbine business, with a potential valuation exceeding €10 billion in the event of a partial divestment. Several private equity firms, including CVC Capital Partners, EQT, Bain Capital, Brookfield and KKR & Co., are reviewing potential bids, according to sources familiar with the matter.
The discussions remain preliminary, and no binding offers have been submitted as of yet. A final decision on whether any of the firms will proceed with a bid has not been reached, the sources said. Representatives from Bain, Brookfield, CVC, EQT, KKR and Goldman Sachs declined to comment, as did a spokesperson for Siemens Energy.
Goldman Sachs is understood to be acting as financial advisor to Siemens Energy in the potential transaction process. The company has not provided further details regarding the strategic review or timeline for any potential sale.
