FB pixel

Report identifies possible Idemia buyers as Advent moves to begin process

Categories Biometrics News  |  Trade Notes
Report identifies possible Idemia buyers as Advent moves to begin process
 

Private equity giant Advent International is planning to sell its stake in Idemia this year, business publication Unquote reports, and is beginning the process of evaluating its prospects.

Idemia’s sales of biometrics products and digital ID solutions led to an EBITDA above €200 million (approximately US$209 million), according to the report, and Advent is expected to seek a €4.3 billion ($4.6 billion) valuation.

Sources told Unquote that Advent is premarketing Idemia now, ahead of a sale in the summer, or possible in Q3 of 2022.

The latest rumors suggest the sale will be as a unified company, contrary to reports earlier in the year that its government and enterprise-facing businesses could be split apart.

A wide range of private equity firms are expected to be interested, and fellow biometrics giant Thales could be among the front-runners to complete a deal. BAE Systems, Hensoldt, Siemens and Cisco are also noted as possible suitors.

Bidders with defense, government and tech specializations, like Carlyle, Thoma Bravo, and Veritas Capital could also bid.

Unquote’s sources are somewhat divided on Idemia’s valuation prospects given the strength of the border control and online digital identity authentication markets to macroeconomic pressures on the one hand, and questions about the company’s ability to expand, on the other.

Any sale of Idemia is likely to draw significant regulatory scrutiny.

Advent completed its acquisition of Idemia predecessor Safran in mid-2017 for €2.4 billion.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Huawei accelerates global digital transformation with digital ID, ICT and 5G projects

In recent years, global telecommunications provider Huawei Technologies has significantly ramped up its involvement in infrastructure projects aimed at supporting…

 

Move over, Armani: Italy’s It Wallet is the digital ID accessory of the season

Bravo to Italy for the forthcoming launch of its digital wallet scheme, clearing the path for a national digital identity…

 

Sumsub brings non-doc biometric identity verification to new markets

Biometric identity verification providers are expanding their market reach in various ways, including Sumsub’s support for users without ID documents…

 

Scottish Government emphasizes security of new platform for digital public services

Scotland is talking up the data security measures designed and build into ScotAccount, a single-sign on (SSO) service designed to…

 

Zambia, Namibia, Tanzania upgrade digital ID systems in concert with development partners

Zambia has carried out a major first step in its transition towards a modern legal and digital identity system, by…

 

Bermuda delays facial recognition deployment for national CCTV project

Bermuda’s government will not be deploying facial recognition capabilities in its CCTV system, at least for now, due to unspecified…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events