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Madison Dearborn closes in on deal with IPL Plastics

US private equity firm in advanced talks with the Irish-Canadian firm

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US private equity group Madison Dearborn. Photo: Tim Boyle/Bloomberg News

US private equity group Madison Dearborn. Photo: Tim Boyle/Bloomberg News

BLOOMBERG NEWS

US private equity group Madison Dearborn. Photo: Tim Boyle/Bloomberg News

US private equity firm Madison Dearborn is in advanced discussions with Irish-Canadian company IPL Plastics regarding a possible take private, the Sunday Independent understands.

A substantial premium on the current share price of CA$5.16 (€3.36) would be required to get any deal over the line.

The shares, which are listed on the Toronto Stock Exchange, are down more than 60pc from its listing price of CA$13.50 two years ago.