BC Partners – Acquisition of Presidio

UK based BC Partners has agreed to acquire Nasdaq-listed Presidio in a $2.1Bn deal. The buyout was done at $16-per-share, representing a 21.3 per cent premium over prior day closing price and an 18.3 per cent premium above its 60-day weighted average. Based in New York, Presidio engages in IT services including strategy and consulting, design and deployment, lifecycle and customer success, and other managed services.