April 13, 2018 / 6:45 AM / in 7 days

Permira to buy majority stake in cyber security firm Exclusive Group

PARIS (Reuters) - Private equity firm Permira PERM.UL said on Friday it had agreed to buy a majority stake in Exclusive Group, in a deal that secures substantial funding for the future development of the French cyber security group.

A source close to the matter said the deal was worth some 1.3 billion euros ($1.60 billion).

Created in 2003, Exclusive Group had 2017 sales of 1.75 billion euros, a rise of 38 percent from 2016.

The transaction is expected to close during the summer.

Reporting by Dominique Vidalon, Pascale Denis; Editing by Leigh Thomas

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below