Buyout firm Permira is hoping to agree a £1.3 billion deal to acquire Reorg Research Inc, a financial data vendor specialising in debt restructuring, according to a report by Reuters.
The report cites unnamed sources as revealing that the deal would see private equity firm Warburg Pincus, which valued Reorg at around $400 million when it acquired a controlling stake in 2018, make a lucrative exit from the business following an auction process, with Permira hoping to sign a deal in the coming days.
Should deal be reached, Reorg Chief Executive Kent Collier, who founded the New York-based firm in 2013, is expected to remain in charge of the business.
Read more: Private Equity Wire
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