US private equity firm GTCR is considering a £1.3 billion deal to acquire UK-based digital identity specialist GB Group (GBB), according to a report by Private Equity Insights.
The report cites a statement by the Chicago-based private investment firm as confirming recent press speculation that it is interested in acquiring GB Group, which is listed on the London Stock Exchange.
The statement also said that, as yet, there is no certainty a formal bid will be made and that further statements will be made ” as and when appropriate”.
Read more: Private Equity Wire
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