FRANKFURT, Sept 22 (Reuters) - Buyout group Cinven has short-listed four other private equity groups in its auctionof German residential and technical lighting products maker SLV,people close to the matter said.
Ardian, 3i, Triton and Lone Star have been asked toprepare second-round bids for the asset, which is expected to besold at a valuation of 750-800 million euros ($843-$899million), they added.
The buyout groups declined to comment or were notimmediately available for comment.
SLV is expected to post earnings before interest, taxes,depreciation and amortisation (EBITDA) of about 65 million eurosthis year and may be valued at about 12 times that, they said.
SLV is benefiting from strong construction activity inGermany and other countries and from regulations pushingenergy-efficient technologies like LED lamps. ($1 = 0.8901 euros) (Reporting by Arno Schuetze; Editing by Harro ten Wolde)