Silverfleet in talks for Jost

Silverfleet, the former private equity arm of UK insurer Prudential, has entered negotiations with rival buyout houses to sell its investment in commercial vehicle parts supplier Jost.

Financial Times Deutschland said that discussions with Cinven and Warburg Pincus had entered the final phase. The report added that Jost’s selling price may have dropped from initial expectations of €600m (US$926m).

Deutsche Bank, through its DB Consult arm, is advising Silverfleet, which acquired Jost from Alpha Investors in 2005 for €320m.