Deals
Advent Said to Lead Bids for Morpho With $2.7 Billion Offer
- Safran’s biometric security unit also attracting buyout firms
- Advent may merge Morpho with Oberthur Technologies unit
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Advent International Corp., which owns security-software provider Oberthur Technologies SA, is the leading bidder for Safran SA’s Morpho after submitting an offer that values the biometric unit at about 2.4 billion euros ($2.7 billion), people familiar with the matter said.
The bid was slightly higher than Gemalto NV’s offer, said the people, who asked not to be named because the talks are private. Three other groups led by buyout firms have also made lower bids, the people said. No final decisions have been made and Advent may not be the winning bidder ultimately, they said.