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Bloomberg

Iveco's Defense Unit Attracts US Buyout Firms Bain, KPS

By , Swetha Gopinath, and Kiel Porter Updated on Save Bain Capital and KPS Capital are interested in Iveco Group NV 's defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said.