Thu 09/07/2023 08:33 AM
One of the most anticipated sale processes has kicked off with information memoranda for the French insurance broker Kereis (formerly known as CEP) distributed in the last few days among prospective bidders, sources told Reorg. Sell-side advisor JPMorgan is offering staple financing to private equity bidders, two of the sources said.
The asset is sold off roughly €170 million EBITDA, the sources said.
Partners Group and Warburg Pincus are among the keenest bidders, one of the sources...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.