NEC considers buying Civica from OMERS Private Equity for $1.2 bln: Reuters
Japanese information technology provider NEC Corp is looking at buying British software company Civica for 900 million pounds (US$1.2 billion) and has hired advisors to work on an offer, Reuters reported, citing a Sky News story. An auction for Civica, one of the United Kingdom's biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms: London-based BC Partners, Boston-based Berkshire Partners and the Swiss-based Partners Group, Sky News said. OMERS Private Equity (OPE) acquired Civica from 3i Group in 2013 for 390 million pounds (US$606 million). Reuters reported in May that OPE hired Goldman Sachs to assist with selling the company.
14 July 2017•2 mins read
