The private equity firm is working with advisers on a potential disposal that may fetch up to $1 billion, the people said, asking not to be identified discussing a private matter. SPT has attracted interest from Chinese strategic investors and funds focused on industrials, they said.
Deliberations are ongoing and might not result in a sale, the people added.
FountainVest didn’t respond to requests for comment.
FountainVest led a group of Chinese investors in a 2021 acquisition ...