The investors that own Lexmark International Inc., one of the oldest names in the printer and imaging-products market, are weighing options for a possible sale of the company for an impressive $2 billion. Discussions about the deal are at an advanced stage, according to people familiar with the matter, but might still take many different turns.
Lexmark is a fairly well-known printing company around the world, founded in 1991. The company has, over time, made a concerted effort to provide high-quality office imaging solutions that range from inkjet to laser printers. However, with the corporate offices increasingly embracing digitization, the demand for conventional printing solutions has been uneven.
The consortium that owns it today includes Apex Technology Co., PAG Asia Capital, and Legend Capital Management Co. These strategic investors purchased Lexmark in 2016 through a highly publicized transaction valued at approximately $3.6 billion. This deal could complete the circle for higher returns on investment, underpinning Lexmark's intrinsic value despite the industry's fall.
The sources further added that the Goldman Sachs Group Inc. has joined the race to handle the sales process. Still unclear, the potential buyers might include and maybe even the business would stay retained by its present owners. No final decisions have been taken, and the sources wished to remain anonymous owing to the private nature of the discussions.
Strategic considerations around the possible sale of Lexmark show a wider trend in how traditional hardware companies review their portfolios against modern market dynamics. With offices increasingly integrating digital solutions, the vendors of printing technologies continue to seek ways to adapt and survive.
This comes when the technology and office supplies industry is reeling under huge changes. The trend of working remotely and moving toward a paperless environment brings in both challenges and opportunities for industry participants like Lexmark. It would be interesting to see how such a big industry name takes on emerging situations.
While the discussion is very much behind closed doors, the future of Lexmark is really a question mark, yet very well filled with anticipation. Hence, all eyes will be on how the market reacts and what steps the owners decide to take next.
Lexmark International Inc. has so far remained silent over these happenings. For further information, it would be wise on the part of interested stakeholders and market watchers to wait and watch as the story unfolds.
Updated news and additional developments will be provided as they become available. ***
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Author: Emily Collins
