By Emma-Victoria Farr
LONDON (Reuters) – Private equity firm Oakley is looking to sell its majority stake in German cloud hosting platform Contabo as it seeks to capitalise on demand for cloud computing fuelled by the COVID-19 pandemic, two people familiar with the situation said.
The Munich-based company could be valued at between 700 million euros and 800 million euros ($762.6 million and $871.5 million ) as part of an auction process expected after the Easter break, those people said.
London-based advisory firm Arma Partners is handling the sale, which is mainly focusing on private equity bidders, one of the people said.
The company has already drawn interest from several tech-focused buyout funds including Hg, Montagu, Vitruvian, Cinven and IK Partners, another source said.
Oakley, Arma…
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