(Bloomberg) — An investor group backed by Clayton Dubilier & Rice and Permira is in advanced talks on a deal to take French cybersecurity firm Exclusive Networks SA private, people with knowledge of the matter said.
Bloomberg’s Most Read
The private equity consortium has lined up financing for the potential minority shareholder buyout transaction of Exclusive Networks, the people said. The goal is to reach an agreement in the coming days, according to the people, who requested anonymity because they were discussing confidential information.
Exclusive Networks shares gained around 12% in Paris trading this year, giving it a market value of 2 billion euros ($2.2 billion). Permira is already the company’s largest shareholder, according to data compiled by Bloomberg.
Deliberations are ongoing and details such as timing could change, the people said. Representatives for CD&R and Permira declined to comment. A spokesperson for Exclusive Networks could not immediately be reached for comment outside normal business hours.
Negotiations on an agreement for Exclusive Networks are taking place in the aftermath of elections in France, which saw a coalition of left-wing parties win the largest number of seats in the country’s National Assembly, but fall short of an absolute majority. The result could create an additional obstacle to doing business in France, with some investors possibly nervous about doing business in an uncertain political environment.
Bloomberg Businessweek Most Read
©2024 Bloomberg LP
