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Gores Group Plans €700M Sagem Sale
Gore Group is planning to sell its stake in French network equipment and television set-top boxes provider, Sagem Communications.
Gore Groupis planning to sell its stake in French network equipment and television set-top boxes provider,Sagem Communications,Bloombergreports. The U.S. private equity firm is in discussions withCarlyle Groupand other firm for the deal, which may value SagemCom at around €700 million.
Gore has appointedGoldman Sachsas a financial adviser on the transaction. Gores acquired a majority stake of SagemCom from French aerospace engines maker,Safran, for €383 million in 2008.
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