Pressured automotive parts retailer and wholesaler Repco Corp is set to come full circle and join the growing number of companies attracting private equity interest as CCMP prepares to launch a $300 million-plus takeover bid for the company.

Repco put a halt on trading in its shares on Friday after The Australian Financial Review reported that a $1.60-a-share takeover offer, believed to be from a private equity firm, was imminent. Chief financial officer Gary West issued a firm "no comment" on the speculation on Friday and said an announcement was expected on Monday.