Bain Capital is among bidders for Indian polyester film manufacturer

Bain Capital is among firms considering a bid for polyester film manufacturer Polyplex , according to people familiar with the matter.

The Boston-based buyout firm has been sounding out financing for the potential offer, which could value Polyplex at more than $1 billion including debt, said the people, who asked not to be identified as the information is private. The Mumbai-listed company has also attracted interest from other firms in the industry, the people said.

Considerations are at an early stage and Bain could decide against any deal, the people said. A representative for Polyplex didn’t immediately respond to requests for comment,