Reported 9 months ago
CVC Capital Partners Plc has reached an agreement to purchase UK-based infrastructure contractor M Group Services for slightly over £1 billion ($1.3 billion). The deal, expected to be finalized in the third quarter, involves CVC acquiring M Group from PAI Partners. M Group, which offers services in water, energy, transport, and telecommunications sectors, has worked with clients like Severn Trent Plc and Virgin Media. PAI Partners, with over €26 billion in assets under management, initiated the sale process in 2022, aiming to achieve competitive valuations and return capital to investors.
Source: YAHOO