A corporate intelligence company which employs Sir John Sawers, the former head of the MI6, is close to an agreement to sell a big participation in a buyout company.
Sky News has learned that G3, which was founded in 2004 and advises customers on a risk range affecting their companies, has been in detail in recent weeks with capitalty-capital suitors, including Oakley Capital and KKR.
The precise details of a transaction were not clear on Sunday, although a source suggested that an agreement was probably in the coming days and could enhance the company between 200 and 250 million pounds sterling.
They said Oakley Capital – founded by the entrepreneur Peter Dupenns – had become the most likely investor, although an agreement has not yet been agreed.
BridgePoint, another London-based capital-investment company, had also expressed interest in G3, added the source.
G3 already has an external investment, having concluded an agreement with All Seas Capital in 2022, according to the latter’s website.
The company – which files accounts under the name of G3 Good Group Group – advises companies, capital companies, sovereign funds and pension funds in areas of commercial risk such as cybersecurity, said a 27% increase in revenues in 2023.
During this year, the last for which accounts are available, he recorded profits before interest, taxes, depreciation and amortization of nearly 9 million pounds Sterling.
Sir John, who resigned as head of the MI6 in 2014, was appointed president of the G3 Advisory Council last year.
Oakley Capital refused to comment, while G3 could not be joined to comment this weekend.