KKR & Co Inc. (KKR) is nearing a deal to buy ERM Group Inc. from its Canadian owners in a deal that potentially values the consultancy at as much as $3 billion, Bloomberg reported citing people familiar with the matter.
According to the report. KKR is set to beat out rival bidders in a formal sale process for the company owned by Omers Private Equity and Alberta Investment Management Corp. A potential announcement could be made in coming days.
No final decision has been made and talks could still be delayed or fall apart, the report said.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.