A company intelligence agency which employs Sir John Sawers, the previous head of MI6, is closing in on a deal to promote a giant stake to a buyout agency.
Exact particulars of a transaction had been unclear on Sunday, though one supply recommended {that a} deal was doubtless within the coming days, and will worth the enterprise at between £200m and £250m.
They mentioned that Oakley Capital – based by the entrepreneur Peter Dubens – had emerged because the probably investor, though a deal had but to be agreed.
Bridgepoint, one other London-based personal fairness agency, had additionally expressed an curiosity in G3, the supply added.
G3 already has some exterior funding, having struck a take care of All Seas Capital in 2022, in line with the latter’s web site.
The agency – which recordsdata accounts beneath the identify G3 Good Governance Group – advises firms, personal fairness companies, sovereign wealth funds and pension funds on areas of business threat reminiscent of cybersecurity, reported a 27% rise in income in 2023.
Throughout that 12 months, the most recent for which accounts can be found, it recorded earnings earlier than curiosity, tax, depreciation and amortisation of almost £9m.
Sir John, who stepped down as the pinnacle of MI6 in 2014, was named chairman of G3’s advisory board final 12 months.
Oakley Capital declined to remark, whereas G3 couldn’t be reached for remark this weekend.
