BC Partners agreed to acquire Presidio, a North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions, in an all-cash transaction valued at approximately $2.1bn, including Presidio’s net debt. The parties expect the transaction to close in the fourth quarter of 2019. Upon completion of the transaction, Presidio will become a privately held company, and its common stock will no longer be listed on the NASDAQ stock market. Closing of the transaction is subject to customary conditions, including approval by Apollo Global, holder of a majority of the outstanding shares of Presidio common stock. “Presidio fits squarely with our key investment priorities. Its markets benefit from secular growth, as IT systems and networks have become increasingly complex. It is well positioned as a leader in a fragmented industry, offering scope for further expansion. We’re excited to partner with Bob and his team to support the future growth of the business,” Raymond Svider, BC Partners Partner and Chairman.