The auction for the firm, which generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of about $70m last year and expects cash flow to touch $100m in 2023, is expected to attract interest from private equity firms, according to Reuters’ sources.
TA Associates took a majority stake in Procare in May 2015 before selling a part of its stake in the company to Warburg Pincus in 2018.
Source: Private Equity Wire