Home security services provider Vivint could be acquired for as
much as $2 billion and private equity firms Blackstone Group LP,
Ares Management LLC and GTCR LLC are already weighing bids, Reuters
Thursday reported on its website, quoting people familiar with the
situation.
Vivint is working with Bank of America Merrill Lynch and
Citigroup to locate a buyer and final bids are due later in
September, one of the people told Reuters.
The company has about $260 million in EBITDA and could be valued
at between $1.5 billion and $2 billion in a sale, the people said
in the report.
Representatives of Vivint, Blackstone, Ares, GTCR and Bank of
America didn't immediately for comment, while Citigroup declined to
comment, the report said.
Full story:
http://www.reuters.com/article/2012/09/05/us-vivint-sale-idUSBRE8841LC20120905
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