TPG Capital LP is one of the final bidders for MacDon Industries Ltd, a Winnipeg-based manufacturer of agricultural machinery looking to sell itself for around $1 billion, three people familiar with the matter said July 8.
The private equity firm is working on making a binding bid for MacDon by the mid-July deadline for final offers, the people said, asking not to be identified because the sale process is not public.
Other parties, including buyout firm Berkshire Partners LLC and an industry player, have also been evaluating potential bids for MacDon, although it remains uncertain whether a competing offer will materialize, some of the people added.
Read Also

Artificial intelligence put to work on extension
Farm Credit Canada and Results Driven Agriculture Research (RDAR) have unveiled a generative artificial intelligence tool called Root
Representatives for MacDon, TPG and Berkshire Partners did not respond to requests for comment.
Reuters reported in April that MacDon has enlisted Goldman Sachs Group Inc to find a buyer. The company makes machinery used to harvest various agricultural products such as cereal grains, oilseeds, rice and soybeans.
It began in 1949 as Killbery Industries Ltd, a manufacturer of agricultural equipment, including sprayers, grain augers, disc seeders, cultivators and manure spreaders. It was renamed MacDon following the acquisition by the MacDonald family in 1971, according to its website.