by Emma-Victoria Farr and Pamela Barbaglia
FRANKFURT/LONDON, Oct 7 (Reuters) – Providence Equity Partners has entered into exclusive talks to buy France’s A2Mac1 for around 1.4 billion euros, two sources familiar with the matter said.
Providence last night signed a deal with Five Arrows Principal Investments (FAPI), the owner of A2Mac1, doubling down on private equity funds EQT and TA Associates, the two sources said.
FAPI will retain a minority stake in A2Mac1.
None of the companies concerned wished to comment on the information.
A2Mac1 provides data and analysis tools for the automotive industry. (Emma-Victoria Farr and Pamela Barbaglia version; French Nicolas Delame, edited by Sophie Louet)
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