The company is currently owned by a consortium that includes the Asian private equity firm PAG and previously involved Apex Technology. Ninestar holds 62% of Lexmark but the company is managed stateside, according to a spokeswoman.They are exploring a sale to gauge interest from potential buyers, possibly aiming to capitalize on the company’s established market position(
Market Valuation: Lexmark could be valued between $1.8 billion and $2 billion, which suggests that its owners might see a lucrative opportunity to cash out, particularly as the printing market continues to evolve(
Strategic Shift: Since being taken private in 2016, Lexmark has undergone significant transformations, including selling off its enterprise software division. This may indicate a strategic realignment, making it a more streamlined and potentially attractive acquisition target for buyers looking to invest in the printing sector(
Growth Opportunities: The demand for printing technologies remains robust in a digitally transforming business landscape. Potential buyers, especially private equity firms, could view Lexmark's established brand and customer base as valuable assets that could yield significant returns if managed effectively(
These factors collectively highlight why Lexmark might be on the market, aligning with broader trends in the technology and manufacturing sectors