Permira weighs taking private IT group Exclusive Networks, sources say

Exclusive Networks SAS

14/03/2024 15:34

By Amy-Jo Crowley
       LONDON, March 14 (Reuters) - The largest shareholder in
Exclusive Networks  EXN.PA   has been weighing taking private
the French cyber security specialist, less than three years
after its stock market debut, people familiar with the matter
told Reuters. 
    Buyout group Permira has been considering teaming up with 
investors, such as private equity funds, that have expressed
interest in jointly bidding for the outstanding shares of the
Paris-listed company, which has a market value of 1.65 billion
euros ($1.8 billion,) the people said.
    The deliberations are at an early stage and Permira may
decide not to proceed with any deal, the sources said who spoke
on condition of anonymity because the matter is private. 
    Permira and Exclusive Networks declined to comment.

 (Reporting by Amy-Jo Crowley. Editing by Anousha Sakoui.)
 ((amy-jo.crowley@thomsonreuters.com))