Rhone Said to Near $1.3 Billion Purchase of Evonik’s Carbon

Rhone Capital LLC, a New York-based buyout firm, is poised to buy Evonik Industries AG’s carbon black operation for about 900 million euros ($1.3 billion), said three people familiar with the situation.

Rhone Capital competed against Triton Advisers in the final stages of the sale process for carbon black, which makes pigments and tire-reinforcing materials, said the people, who declined to be identified because talks are private. Triton has exited the process, and an agreement with Rhone could be announced as early as this week, two of the people said.