Apollo, Linamar Reportedly Bid for Metaldyne

Carlyle Group has received bids for its Metaldyne unit from New York City-based private equity firm Apollo Investment Corp. and Canadian engine parts supplier Linamar Corp., according to Bloomberg News.

The news service cites unidentified sources who say both offers are worth about $825 million. Bank of America Merrill Lynch, which reportedly is handling the sale, is holding the second round of an auction for the Plymouth, Mich.-based maker of engine components. One source tells Bloomberg that Metaldyne will fetch more than $900 million.

Carlyle led an investor consortium that acquired Metaldyne out of bankruptcy in 2009 for $40 million and $457 million in assumed debt.