Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
3i Group is exploring the sale of Evernex, a French IT maintenance firm, with a potential valuation of €1.2-1.5 billion. Bank of America is involved in the process.
(Reuters) -British private equity firm 3i Group is considering exit options, including a sale of French IT maintenance provider Evernex, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The potential sale of Evernex, which is being arranged with Bank of America, could be valued at 1.2 billion euros to 1.5 billion euros ($1.41 billion-$1.76 billion), the report said.
3i declined to comment on the report, while Evernex and Bank of America did not immediately respond to Reuters requests for comment.
Evernex, which supports IT system maintenance for companies across more than 165 countries and serves over 15,000 clients, was acquired by 3i in 2019 from Carlyle Group for an undisclosed sum.
The British investment firm also sold premium pet food firm MPM Products in June this year, generating proceeds of 400 million pounds.
($1 = 0.8529 euros)
(Reporting by Yamini Kalia and Megha Kumari in Bengaluru; Editing by Alan Barona)
A private equity firm is an investment management company that provides financial backing and makes investments in private companies or public companies with the intent to take them private.
An IT maintenance firm provides support and services to ensure the smooth operation and upkeep of information technology systems and infrastructure for businesses.
Valuation is the process of determining the current worth of an asset or a company, often used in the context of mergers, acquisitions, and investment analysis.
A financial community refers to a network of individuals and organizations involved in the finance industry, including investors, analysts, and financial institutions.
Venture capital is a form of private equity financing that is provided to early-stage, high-potential growth startup companies in exchange for equity ownership.
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