Adventis exploring a sale of its Ultra Maritime business for more than £3 billion ($4 billion), as demand surges for naval defense companies amid conflicts from Iran to Ukraine, according to people familiar with the matter.
The buyout firm has hired JPMorgan Chase & Co. and Guggenheim Partners to work on a potential sale of the business, which could fetch upwards of £3 billion based on projected earnings and peer valuations, said the people. The sale would likely kick off in the coming months and could attract interest from both strategic and private equity bidders, they said, asking not ...
