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More Possible Lexmark Suitors Emerge?
February 19, 2016
Yesterday we reported on a story about Lexmark which is potentially seeking suitors to purchase their company or at least part of it. A follow-up on , The Recycler today suggests that two potential buyers interested in Lexmark are Canon and Ricoh. These make the second and third companies—after Konica Minolta rumors began in January—OEMs to make it into public news".
A split in the company between hardware and software is among the plans Lexmark is supposedly considering as they move forward. If this is indeed the case, Canon and Ricoh are both linked to the hardware side of things while two private equity firms, Thoma Bravo and Vista Equity Partners have expressed an interest in owning Lexmark’s software business which has been expanded considerably by the OEM over the years.
Lexmark has reportedly indicated that it would prefer to sell the entire company including both the hardware and software divisions together to one buyer. However with no willing suitors at this point, splitting may be the only profitable way to move forward if the company is willing to change plans and divest itself. According to sources, reports the Recycler, if Thomas Bravo did successfully obtain Lexmark’s software division, they would combine it a software firm already within their existing portfolio, Hyland Software. That combined with what Lexmark’s software would bring to the table, it could rival and even top a lot of what is out there on the market today.
As with all the news surrounding this story to this point, all parties have declined comment, leaving the suggestions as potentially not much more than conjecture. That said, there has been enough of a mention of it that there are likely at least some kernels of truth to what has come out so far. We will stay on the story and continue to report as we are able.