Deals
Horizon Capital Is Said to Revive Sale of IT Services Firm Sabio
- Horizon is working with HSBC on the latest divestment attempt
- London-based Sabio counts Engie, Vattenfall among its clients
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Horizon Capital has revived plans to sell technology services firm Sabio Group, according to people with knowledge of the matter said.
The private equity firm is working with HSBC Holdings Plc on the potential divestment of Sabio, which could be valued at £300 million to £400 million ($401 million to $535 million), the people said. Deliberations are ongoing and Horizon Capital could decide to keep the business for longer, said the people, who asked not to be identified as the information is private.