Altor Is Said to Pick Moelis for €1 Billion Sale of C Worldwide

Altor has selected Moelis & Co. to help arrange the sale of C Worldwide Asset Management, according to people familiar with the matter.

The Swedish buyout firm could seek a valuation of about €1 billion ($1.1 billion) for C Worldwide in a deal, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and Altor could still decide to keep the asset for longer, the people said.

Representatives for Altor and Moelis declined to comment.

A divestment of C Worldwide would come after Altor completed the sale of Carnegie Holding AB to ...