Cybersecurity
CD&R, Permira Bid for Exclusive at a €2.2 Billion Value
- The board unanimously welcomed the proposed transaction
- Latest in a wave of cybersecurity acquisitions this year
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Exclusive Networks SA received a buyout offer from private equity firms Clayton Dubilier & Rice and Permira that values the French cybersecurity company at about €2.2 billion ($2.4 billion).
The binding proposal provides a value of a €24.25 a share, according to a statement Wednesday. That’s about 34% above where the stock was trading in March, when reports surfaced that Permira, the company’s controlling shareholder, was considering taking it private again.