UK-listed private equity firm 3i Group is exploring strategic options for its portfolio company Evernex, including a potential sale at valuation of €1.2bn to €1.5bn, according to a Bloomberg report citing unnamed people familiar with the matter.
Bank of America is reportedly advising on options for The French IT services provider, which specialises in third-party maintenance of data centre infrastructure and 3i acquired in 2019 from Carlyle Group for an undisclosed sum. The Paris-headquartered business provides maintenance and support for IT systems across more than 165 countries and counts over 15,000 corporate clients globally.
The move comes as 3i continues to recycle capital across its portfolio. In June, the firm exited UK-based premium pet food manufacturer MPM Products in a deal that generated £400m in proceeds.
