US buyout firm Ripplewood is the latest company reported to be preparing to bid for bankrupt component maker Delphi.

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The bid could exceed US$10bn, according to the report. Ripplewood may bid for part of the company or all of it, according to the Wall Street Journal.


The bid is being led by Ripplewood partner, Thomas Stallkamp, former president of Chrysler.


Several other similar offers have been reported recently. Earlier this month private equity group Cerberus Capital Management was believed to be considering buying a stake in Delphi. That team was being lead by former Ford executive David Thursfield.


Delphi shareholder, Appaloosa Management, has also been reported to be interested in increasing its stake from the current 9.3%.


Delphi, which filed for bankruptcy in the US in October 2005, is currently negotiating with General Motors to take over some responsibilities for the workforce. It has said it hopes to emerge from bankruptcy next year.

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