Deals
Silver Lake, P2 Weigh Sale of Blackhawk Network for More Than $5 Billion
Blackhawk offices in Pleasanton, California.
Source: Smith Collection/Gado/Getty Images
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Silver Lake Management and P2 Capital Partners are exploring a potential sale of Blackhawk Network, seeking more than $5 billion for the prepaid gift card provider, people familiar with the matter said.
The private equity firms are working with advisers to weigh options for the company, said the people, who asked to not be identified because the details aren’t public. They are also considering an initial public offering for the company, the people said.