BC Partners explores $4 bln sale of IT firm Presidio

Presidio benefited from a surge in demand for IT services during the COVID-19 pandemic, as companies invested more to adapt to the remote working environments and boost cybersecurity capabilities

Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at more than $4 billion including debt, Qazet.az reports according to Reuters.

BC Partners is working with an investment bank for a sale process for New York-based Presidio, said the sources, who requested anonymity because the matter is confidential. Presidio generated $3.1 billion in revenue and had earnings before interest, taxes, depreciation and amortization of more than $350 million in 2021, the sources said.

Presidio provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com Inc, Cisco Systems Inc, Dell Technologies Inc and Intel Corp. It has about 8,000 customers worldwide.