Buyout firms circle corporate intelligence firm G3
Sky News has learnt that G3, which was founded in 2004 and advises clients on a range of risks affecting their businesses, has been in detailed talks in recent weeks with private equity suitors including Oakley Capital and KKR.
Precise details of a transaction were unclear on Sunday, although one source suggested that a deal was likely in the coming days, and could value the business at between £200m and £250m.
They said that Oakley Capital - founded by the entrepreneur Peter Dubens - had emerged as the most likely investor, although a deal had yet to be agreed.
Bridgepoint, another London-based private equity firm, had also expressed an interest in G3, the source added.
G3 already has some external investment, having struck a deal with All Seas Capital in 2022, according to the latter's website.
The firm - which files accounts under the name G3 Good Governance Group - advises companies, private equity firms, sovereign wealth funds and pension funds on areas of commercial risk such as cybersecurity, reported a 27% rise in revenue in 2023.
During that year, the latest for which accounts are available, it recorded earnings before interest, tax, depreciation and amortisation of nearly £9m.
Sir John, who stepped down as the head of MI6 in 2014, was named chairman of G3's advisory board last year.
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