Buyout companies circle company intelligence agency G3

A company intelligence agency which employs Sir John Sawers, the previous head of MI6, is closing in on a deal to promote a giant stake to a buyout agency.

Sky Information has learnt that G3, which was based in 2004 and advises shoppers on a variety of dangers affecting their companies, has been in detailed talks in current weeks with non-public fairness suitors together with Oakley Capital and KKR.

Exact particulars of a transaction have been unclear on Sunday, though one supply urged {that a} deal was possible within the coming days, and will worth the enterprise at between £200m and £250m.

They stated that Oakley Capital – based by the entrepreneur Peter Dubens – had emerged because the most definitely investor, though a deal had but to be agreed.

G3 already has some exterior funding, having struck a take care of All Seas Capital in 2022, in accordance with the latter’s web site.

The agency – which information accounts underneath the title G3 Good Governance Group – advises firms, non-public fairness companies, sovereign wealth funds and pension funds on areas of economic danger similar to cybersecurity, reported a 27% rise in income in 2023.

Throughout that 12 months, the most recent for which accounts can be found, it recorded earnings earlier than curiosity, tax, depreciation and amortisation of practically £9m.

Sir John, who stepped down as the top of MI6 in 2014, was named chairman of G3’s advisory board final 12 months.

Oakley Capital declined to remark, whereas G3 couldn’t be reached for remark this weekend.