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CVC to buy French tech firm Linxens in $1.7bn deal

Buyout firm CVC recently has been on a buying spree in Europe, despite a general slowdown in private equity deals in the region

Buyout firm CVC Capital Partners has agreed to buy French technology company Linxens for €1.5 billion ($1.66 billion), according to people familiar with the matter.

CVC pre-empted an auction process for the company, run by French private equity firm Astorg Partners, some of the people said. An announcement could come as early as Wednesday, the people added.

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