General Atlantic has closed its acquisition of Team Services Holding Inc from Alpine Investors for approximately $3bn, including debt, according to a report by Bloomberg citing unnamed sources familiar with the transaction.
The agreement, reached earlier this year, values Team Services at roughly 10x EBITDA. While the deal was finalised last week, no public announcement was made at the time. Representatives for General Atlantic, Alpine Investors, and Team Services declined to comment.
The acquis...
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