CVC Is Said to Near $1 Billion Deal for Stake in GEMS Education - Bloomberg:
CVC Capital Partners is close to a deal for a 25% stake in Dubai’s GEMS Education, a private school operator backed by Blackstone Group LP, that values the firm at more than $4 billion, people familiar with the matter said.
CVC may pay $1 billion or more for the holding and a deal could be announced in the coming days, the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the London-based private equity firm may still decide against a deal.
Representative for GEMS and London-based CVC declined to comment.
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