TPG Capital and Credit Suisse Private Equity are seeking to sell European bathroom equipment maker, Grohe, Reuters reports. The private equity groups are also considering an initial public offering (IPO) that could come in the second half of 2011.

The financial details of the offering have not been determined yet. TPG and Credit Suisse acquired Grohe for €1.5 billion in 2004 from private equity investor, BC Partners.

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