Advent eyes $4bn sale of Ultra Maritime defence unit

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Advent eyes $4bn sale of Ultra Maritime defence unit

privateequitywire

3 months ago

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Advent International is reportedly considering the sale of its naval defence business, Ultra Maritime, in a deal that could value the unit at around $4bn, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The buyout firm has held preliminary discussions with banks to gauge interest from potential buyers, including both strategic defence companies and other private equity investors. No final decision has been made, and Advent could choose to retain the asset for...

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