IT
Warburg Pincus nears deal to buy Germany’s PSI for more than 700 million euros, sources say
[ad_1]
Private equity firm Warburg Pincus is nearing a deal to buy German software maker PSI Software in a deal worth more than 700 million euros ($813 million), two people familiar with the matter said.
The transaction would value PSI at 45 euros per share, the sources said, a premium of more than a third over Friday’s closing price.
A deal could be announced as soon as Monday, one of the people said, adding the deal had yet to be formalised and details could still change.
PSI and Goldman Sachs, which is running the sales process, both declined to…
[ad_2]
Source link
