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Ardian considers multi-billion-dollar sale of Swissbit

privateequitywire

3 weeks ago

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Ardian is exploring a potential sale of Swissbit, the Swiss provider of industrial storage and data security products, in a process that could value the business at several billion dollars, according to a report by Bloomberg citing unnamed people familiar with the matter.
The private equity firm is working with UBS as it prepares to assess interest from prospective buyers, the people said. Swissbit generates around $250m of annual earnings, which could support a valuation running into the billio...

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