ADIA, GIC Said Nearing Pye-Barker Fire & Safety Minority Stake

The Abu Dhabi Investment Authority and Singapore’s GIC Pte. are in advanced talks to acquire a minority stake in Pye-Barker Fire & Safety in a deal that would value the company at more than $6 billion including debt, according to people with knowledge of the matter.

The two sovereign wealth funds are discussing purchasing the stake from Pye-Barker Fire & Safety’s investors Leonard Green & Partners and Altas Partners, said the people, who requested not to be identified discussing confidential talks. A deal hasn’t been finalized and talks could collapse at the last minute.

Representatives for GIC, Leonard Green ...