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Market Chatter: Blackstone Explores Offer for Robin Radar in Possible $2.26 Billion Sale Process

MT Newswires Live
Yesterday

Blackstone (BX) is among potential bidders planning to make an offer for Dutch drone detection company Robin Radar Systems, Reuters reported Thursday, citing people familiar with the matter.

Robin Radar's parent company Parcom is working to launch a sale process this year that may value the group at around 2 billion euros ($2.26 billion), the report said.

A summer offer from CVC Capital Partners and Blackstone was rejected ahead of the sale process, the report said.

Blackstone did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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