Private equity firm Leonard Green & Partners is reportedly nearing a deal to acquire Cumming Group from New Mountain Capital. The transaction, valued at approximately $3 billion including debt, signals a notable move in a currently subdued buyout environment.
- Leonard Green & Partners nearing acquisition of Cumming Group
- Seller identified as New Mountain Capital
- Enterprise value estimated at $3 billion including debt
- Formal announcement anticipated within weeks
- Deal highlights resilience of high-quality assets in a sluggish PE market
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