UK private investment firm BC Partners has agreed to sell Presidio, a provider of IT services to some of the world’s largest companies including Amazon, to US rival Clayton, Dubilier & Rice, in a deal that values the business at around $4bn, according to a report by the Financial Times.
Presidio, which has generated nearly $6bn in revenue and employs more than 3,500 people globally, first drew private equity attention in 2011 when it was acquired by US buyout group American Securities, before Apollo agreed to acquire it in 2014.
