Mattel is a primary target in a new wave of take-private speculation across U.S. consumer brands, according to a May 13 report.
Buyout firms Blackstone and KKR are scouting for leveraged deal opportunities among companies with depressed valuations. These firms have included Mattel in recent deal discussions.
Activist investor Southeastern Asset Management publicly urged Mattel's board to explore strategic alternatives in early May. The firm specifically recommended a potential sale of the company.
Private capital firms see a potential valuation reset for the toy manufacturer. A finalized deal could reward current shareholders.