7 months ago
GTCR in talks to buy Blackhawk Network for up to $5 billion - Bloomberg
Investing.com -- Private equity firm GTCR is in discussions to acquire prepaid gift-card provider Blackhawk Network in a deal that could value the company between $4 billion and $5 billion including debt, according to a report from Bloomberg, citing people familiar with the matter.
The Chicago-based GTCR is currently negotiating transaction terms with Blackhawk’s current owners, Silver Lake Management and P2 Capital Partners, sources who asked not to be identified said.
Silver Lake and P2 had previously been seeking more than $5 billion for Blackhawk and were also considering an initial public offering as an alternative exit strategy, as reported in April.
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