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Private equity-backed Surys in exclusive talks for possible sale to IN Groupe

The shareholders of Surys SAS, which is backed by Abénex Capital SA and Cathay Capital Pvt. Equity, entered into exclusive negotiations on the potential sale of the business to fellow France-based technology company IN Groupe.

IN Groupe provides identity solutions and secure digital services. Surys, which offers anti-counterfeiting solutions, is majority-owned by its founder Hugues Souparis and its management team.

The deal is set to be completed by the end of the second half, subject to regulatory conditions.