Veritas Capital, a New York-based private equity firm, is exploring the sale of electronics and optical sensor component maker Excelitas Technologies Corp in a deal that could fetch as much as $2 billion, several people familiar with the matter said.
The firm has hired investment bank Goldman Sachs to pursue a so-called dual track sale process, which involves finding a potential buyer for Excelitas at the same time as sounding out investors about an initial public offering.
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