KKR Brickman in Talks to Buy ValleyCrest


The Financial Times reported the evening of May 24 that Michael Dell is pruning his portfolio with the likely sale of ValleyCrest to Brickman, a rival backed by buyout group KKR, in a deal that will create the US's largest horticultural management business.

The sale will allow KKR to merge ValleyCrest, which manages and designs gardens for companies including Disney and AT&T, with Brickman, which it bought last year for $1.6bn.
An exact value could not be ascertained, but people familiar with the matter said ValleyCrest was expected to fetch about $1 billion. The talks are understood to be advanced, but those people cautioned a deal was not certain.

To read the complete article in the Financial Times, click here.