Buyout firm CVC puts digital fraud prevention company Kount up for sale -sources

By David French

Nov 10 (Reuters)Private equity firm CVC Capital Partners Ltd is exploring a sale of its majority stake in Kount Inc in a deal that could value the U.S. digital fraud protection company at more than $750 million, including debt, according to people familiar with the matter.

The deal would come as the COVID-19 pandemic keeps many consumers at home and forces them to carry out more of their business and shopping online, boosting demand for cybersecurity offerings that protect personal information.

CVC is working with an investment bank on an auction for Kount, which is at its early stages, the sources said, requesting anonymity because the matter is confidential.

CVC declined to comment. Kount did not respond to a comment request.

CVC invested $80 million in Boise, Idaho-based Kount at the end of 2015. It was the second investment made by its CVC Growth

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Buyout firm CVC puts digital fraud prevention company Kount up for sale: sources

(Reuters) – Private equity firm CVC Capital Partners Ltd is exploring a sale of its majority stake in Kount Inc in a deal that could value the U.S. digital fraud protection company at more than $750 million, including debt, according to people familiar with the matter.

The deal would come as the COVID-19 pandemic keeps many consumers at home and forces them to carry out more of their business and shopping online, boosting demand for cybersecurity offerings that protect personal information.

CVC is working with an investment bank on an auction for Kount, which is at its early stages, the sources said, requesting anonymity because the matter is confidential.

CVC declined to comment. Kount did not respond to a comment request.

CVC invested $80 million in Boise, Idaho-based Kount at the end of 2015. It was the second investment made by its CVC Growth Partners I fund, which buys into

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CORRECTED-UPDATE 1- Property firm Connells makes initial approach on Countrywide buyout

(Corrects deal value to 82 million pounds from 127 million pounds in first paragraph)

Nov 9 (Reuters) – British real estate agent Countrywide Plc said on Monday real estate management firm Connells Ltd has submitted an early-stage approach to buy the company in a deal valuing it at 82 million pounds ($107.76 million).

The interest comes months after bigger rival LSL Property Services dropped plans for an all-share merger with Countrywide.

Connells’ potential offer of 250 pence a share is at a 72% premium to Countrywide’s last trading price.

Countrywide, which runs 60 high street brands, including Hamptons International, Bairstow Eves and Bridgfords, said there was no certainty on the terms of any deal and advised its shareholders to not take any action until further notice.

“In the meantime, the Board will continue to engage with its shareholders to examine all potential options to deliver a sustainable capital structure for

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