Sequence Holdings and DFO Management to Take The Baldwin Group Private

Sequence Holdings and DFO Management, Michael Dell’s family investment office, agreed to acquire a majority interest in The Baldwin Group in an all-cash take-private transaction valued at approximately $7.7 billion, including assumed or refinanced net debt. Baldwin shareholders will receive $32.50 per share, while eligible employees may roll over equity and retain a significant minority stake; closing is expected in the first quarter of 2027, subject to shareholder, regulatory, and customary approvals.