American Capital’s Presidio hires banks to explore sale

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stock brokerage market share listedPrivate equity-backed information technology consulting business Presidio has reportedly hired Barclays and Credit Suisse to explore an IPO or a sale.

The company, which is owned by private equity firm American Capital, could be valued at $1.5bn in a deal, said Reuters, citing several people familiar with the matter.

Presidio is expected to post an EBITDA of around $180m on revenues of $2.3bn this year, said one of the sources.

The company’s clients include Cisco Systems, EMC, Microsoft and VMware.

Last month American Capital exited packaged foods group Specialty Brands America toB&G Foods in a $155m deal.

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