These Private Equity Firms Could Be Looking to Buy Hewlett Packard Enterprise
Going private continues to be the new “going public” for legacy tech giants. Maybe Hewlett Packard Enterprise ( #HPE ) isn’t totally done restructuring after all. Perhaps it just wants to rebuild itself outside the scrutiny of the public markets. According to a report by technology news site The Information on Friday, a group of private equity funds—including KKR, Apollo Global Management, and the Carlyle Group—are interested in buying HPE in a possible $40 billion-plus deal. The report, which cites an unnamed source, said the private equity groups are interested in all of HPE, not just individual business units, like the IT services business group that was spun off and merged with Computer Sciences in May. A Reuters report on Friday, however, countered by reporting the buyout groups are only interested in purchasing some of HPE’s software assets—not the whole company—in a deal worth $6 billion to $8 billion. An HPE HPE -1.47% spokesperson told Fortune that the company “does not comment on rumors and speculation.” Fortune also contacted the private equity groups involved and will update this story if they respond. Regardless of the conflicting reports, it seems that HPE is undergoing another significant transformation again. Ever since HPE split up with its PC and printer sibling HP, Inc. HPQ -0.85% last November, the Meg Whitman-led company has continued a series of restructuring moves.