Presidio (PSDO) received an offer from BC Partners, which includes a Go-Shop provision. This means that Presidio will contact other industrial or financial buyers. It is an interesting opportunity. Besides, BC Partners is not paying a lot for the company, 9x EBITDA, and the conditions are normal. In our view, the likelihood of closing the merger in Q4 2019 is significant.
Presidio - Why Private Equities Like This Company?
Founded in 2003 as Aegis Holdings and headquartered in New York, Presidio, Inc. offers information technology solutions to medium size companies in North America.