Friday, 18 September 2020

Macquarie prepares intel analytics seller Nuix for $1.5 billion IPO

By Paulina Duran
SYDNEY (Reuters) - Australia's Macquarie Group is preparing to list its majority-owned software provider Nuix in a deal that would value the data-analysis program seller at close to $1.5 billion, two sources with knowledge of the plans told Reuters on Friday.
Macquarie, which owns about 65% of the company that has been used to analyse thousands of documents as part of high-profile investigations such as Volkswagen's emissions scandal and the "Panama Papers" cases, is handling the process alongside Morgan Stanley, the sources said.
The people, who asked to be anonymous because they were not allowed to speak to the media, said the company was likely to list before Christmas, but plans depended on market conditions and had not been finalised, they said.
Media representatives for Macquarie and Morgan Stanley ...


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