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.