Deals
CD&R, Permira Nearing Buyout Offer for French Firm Exclusive Networks
- Investor group backed by CD&R, Permira bids €24 per share
- Cybersecurity deals are in focus amid high-profile hacks
An investor group backed by Clayton Dubilier & Rice and Permira has made a non-binding offer to take French cybersecurity company Exclusive Networks SA private at a value of about €2.2 billion ($2.4 billion).
Investors would get €24 a share under the terms of the deal being discussed, Exclusive Networks said in a statement Tuesday, confirming an earlier Bloomberg News report. Talks are ongoing and there’s no guarantee they’ll lead to a deal, the company said.