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BREAKING NEWS: Lexmark for Sale, Got $2 Billion and Its Yours!

Toner News Mobile › Forums › Toner News Main Forums › BREAKING NEWS: Lexmark for Sale, Got $2 Billion and Its Yours!

Tonernews.com, September 25, 2024. USA
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    toner
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    Lexmark Owners Consider $2 Billion Sale of Printer Maker.
    Lexmark International Inc.’s owners are contemplating the sale of the laser printer manufacturer, according to sources familiar with the situation.

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    Shareholders, including Asian private equity firm PAG, are collaborating with an advisor to assess interest in the company. The potential sale could attract various buyout funds and is estimated to be valued between $1.8 billion and $2 billion, the sources indicated, speaking on the condition of anonymity due to the private nature of the discussions.

    In 2016, a consortium led by Chinese printer manufacturer Apex Technology Co. and PAG took Lexmark private in a deal worth $3.6 billion, including debt, with the involvement of Legend Capital. Since then, Apex has rebranded itself as Ninestar Corp.

    Following the acquisition, Lexmark’s new owners sold its enterprise software division to private equity firm Thoma Bravo.

    Based in Lexington, Kentucky, Lexmark is currently led by CEO Allen Waugerman, a long-time employee since the company’s inception. After the takeover, it has maintained governance under a U.S.-based board and an all-American executive team, as noted on its website.

    These discussions are in the early stages, and there is no guarantee they will result in a sale, the sources added. Representatives for Lexmark and PAG declined to comment, and requests for comment from Legend Capital and Ninestar went unanswered.

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    September 25, 2024 at 7:35 PM
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