British PE firms circle Italy's Cerved
CVC and Permira have shown an interest in acquiring Milan-based corporate intelligence and rating agency Cerved, according to reports.
Bain Capital and Clessidra currently own the data provider, following a €550m leveraged buyout in 2009.
Valuation figures currently stand near €1bn, around 10x EBITDA. HSBC has been appointed to run the sales process, reports say, while both GPs have enlisted the advisory services of UBS.
Cerved was founded in 1974 and holds databases of economic, financial and commercial information regarding individuals and companies.
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