British private equity firm 3i Group (III.L) is considering divesting its assets, including French information technology maintenance provider Evernex, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The potential sale of Evernex, which is being arranged with Bank of America, could value the business at 1.2 billion to 1.5 billion euros ($1.41 billion to $1.76 billion), the report said.
3i and Bank of America declined to comment, while Evernex did not immediately respond to a request for comment.
Evernex, which maintains IT systems for companies in more than 165 countries and serves over 15,000 corporate clients, was acquired by 3i in 2019 from Carlyle Group for an undisclosed sum.
The British investment firm sold premium pet food firm MPM Products in June, generating proceeds of 400 million pounds.
($1 = 0.8529 euros)
