Deals
KKR Is Said to Near $3 Billion Deal to Buy Consultancy ERM
- Buyout firm set to beat out rivals in formal bidding process
- ERM Group is owned by Canadian funds Omers and Aimco
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KKR & Co is nearing a deal to acquire ERM Group Inc. from its Canadian owners in a deal that potentially values the sustainability consultancy at as much as $3 billion, according to people familiar with the matter.
The buyout firm 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., the people said, asking not to be identified as the matter is private. A potential announcement could be made in coming days, the people said.