Global private equity firms with an Australian presence, such as The Blackstone Group Inc. (NYSE:BX), KKR & Co. Inc. (NYSE:KKR), The Carlyle Group Inc. (NasdaqGS:CG) and TPG Capital, L.P., are all believed to be vying for ABC Tissue Products Pty Limited. Indicative bids for the business are due on November 15, 20219 in a contest that could be shaping up as a private equity shootout, depending on how far groups progress in the competition.

Also said to be looking is ABC Tissue's major supplier, Hengan International Group Company Limited (SEHK:1044), while a Latin American group is also understood to be in the mix.