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Private-Equity Firm Veritas in Exclusive Talks to Buy NCR

The Wall Street Journal | May Require Subscription to read full article.

Deal would be among the few relatively big LBOs sealed in recent months amid rising interest rates.

NCR Corp. NCR 1.89%▲ is in exclusive talks to be sold to private-equity firm Veritas Capital, according to people familiar with the matter, in what would be one of the biggest leveraged buyouts as the environment for such deals has become more perilous.

A deal could still be weeks away, the people said, and it’s far from guaranteed, given that a number of LBOs have been shelved lately because of choppy financing markets.