Electra Partners is considering the sale of animal tagging business Allflex, a deal that could be worth $1bn (€743.7m) if the firm manages to find a buyer. 
According to Reuters, bankers are arranging $500m debt packages to finance the deal, which is being handled by Rothschild. 
If Electra is unable to find a new home for the business, it may instead refinance it or arrange a dividend recapitalisation to take a return. 
The private equity firm has already recapped Allflex, taking $238.6m out in 2005 and a further $380m two years later, says Reuters. 
Allflex has been in the livestock identification industry for more than 50 years and makes pre-tax earnings of around $100m.