A company intelligence agency which employs Sir John Sawers, the previous head of MI6, is closing in on a deal to promote an enormous stake to a buyout agency.
Sky Information has learnt that G3, which was based in 2004 and advises purchasers on a spread of dangers affecting their companies, has been in detailed talks in current weeks with non-public fairness suitors together with Oakley Capital and KKR.
Exact particulars of a transaction have been unclear on Sunday, though one supply recommended {that a} deal was probably within the coming days, and will worth the enterprise at between £200m and £250m.
They stated that Oakley Capital – based by the entrepreneur Peter Dubens – had emerged because the almost certainly investor, though a deal had but to be agreed.
Bridgepoint, one other London-based non-public 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 response to the latter’s web site.
The agency – which information accounts underneath the identify G3 Good Governance Group – advises corporations, non-public fairness companies, sovereign wealth funds and pension funds on areas of business threat resembling 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 top 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.
