PE Deals

Cote’s GS Acquisition in talks to buy Vertiv for more than $5 bln: Reuters

GS Acquisition, which is backed by Goldman Sachs Group Inc, raised $690 million last year in an IPO, the story said.

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GS Acquisition Holdings Corp, the SPAC from David Cote, is in talks to buy backup power equipment firm Vertiv for more than $5 billion, Reuters is reporting. Cote is the former CEO of Honeywell International. GS Acquisition, which is backed by Goldman Sachs Group Inc, raised $690 million last year in an IPO, the story said.