Clearlake Capital Group and TA Associates are exploring options including the sale of a minority stake in data-integrity software maker Precisely, according to people with knowledge of the matter.
The private equity firms are working with an adviser to solicit interest from bidders, said some of the people, who requested anonymity discussing private talks. Any transaction is poised to value the company at more than $7.5 billion, including debt, one of the people said. The company has about $4.2 billion in outstanding debt, according to data compiled by Bloomberg.
Burlington, Massachusetts-based Precisely is projected to deliver earnings before interest, taxes, depreciation and amortization, or Ebitda, of $460 million in 2022, one of the people said.
Read more: BNN Bloomberg
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