Warburg Pincus is close to acquiring German software firm PSI Software in a deal valued at more than €700 million ($813 million), according to people familiar with the matter. The agreement would price PSI shares at €45 each — representing a premium of more than one-third over the company’s last closing price.
An official announcement could come as early as Monday, though sources noted the deal is not yet finalized and some details may still change. Both PSI and Goldman Sachs, which is overseeing the sale, declined to comment, while Warburg Pincus did not immediately respond to inquiries.
PSI Software, a key provider of digital solutions for energy networks, recently confirmed it was in advanced negotiations with Warburg Pincus, Thoma Bravo, and HgCapital about a potential investment agreement and takeover offer. German energy giant E.ON, PSI’s second-largest shareholder with nearly 18% of its stock, reportedly plans to retain its stake even after the transaction.
Source: Reuters
