As first reported in a Counselor Breaking News Alert, a new report from Reuters said that Investcorp is currently exploring a sale of its holdings in Polyconcept, the global promotional products supplier and parent company of Top 40 supplier Polyconcept North America. Sources told Reuters that Investcorp is hoping a deal will value the company at more than $1.3 billion, including debt.

The report states that an auction is being held for Polyconcept and is currently in the second round of bidding, with interest from multiple private equity firms. Investment banks William Blair & Company LLC and Barclays Plc are working with Investcorp to sell the supplier organization. The sources told Reuters that Polyconcept’s 12-month EBITDA is valued at close to $130 million.

Investcorp and Polyconcept management acquired the company from BC Partners Ltd in 2005, which had acquired the company in 2000 from Dutch conglomerate Hagemeyer. Under Investcorp, Polyconcept North America (PCNA) has made a series of acquisitions in the last decade, including Bullet (asi/42424), Journalbooks (asi/91340), Trimark (asi/92121) and Humphrey Line.

PCNA ranked as the third-largest supplier in last year’s Counselor Top 40. The company recently reported North American promotional product revenue to Counselor of $561.5 million, an increase of 6.7% over 2014. The supplier has been rewarded with multiple industry awards in recent years, including Supplier of the Year from ASI in 2009 and Counselor Person of the Year for PCNA President David Nicholson in 2013.