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Presidio to be acquired by BC Partners

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Christian Fernsby |
BC Partners
Acquisition   BC Partners

Presidio announced it has entered into a definitive agreement to be acquired by funds advised by BC Partners, a leading international investment firm, in an all-cash transaction valued at approximately $2.1 billion, including Presidio’s net debt.

Topics: Presidio BC Partners

Under the terms of the agreement, Presidio stockholders will receive $16.00 in cash for each share of Presidio common stock they own.

The purchase price represents a premium of 21.3% over Presidio’s closing stock price of $13.19 on August 13, 2019, and a premium of 18.3% over the company’s 60-day volume-weighted average share price leading up to this announcement.

The Presidio Board of Directors unanimously approved the agreement with BC Partners and recommends that Presidio stockholders vote in favor of the transaction.

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