Buyout firms Insight Partners, Blackstone (BX), and Clearlake, which jointly own corporate-governance software maker Diligent, have started interviewing investment banks as they prepare to launch a sale process for the company early next year, sources told Reuters’ Milana Vinn. A sale could value the software company at nearly $7B including debt, according to people familiar with the matter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Pinterest, Cisco upgraded: Wall Street’s top analyst calls
- Blackstone leads music ABS transaction for Hipgnosis
- Blackstone price target raised to $182 from $172 at Deutsche Bank
- Retail Opportunity price target raised to $17.50 from $16 at Wells Fargo
- Wall Street institutions loan over $11B to ‘neocloud’ companies, WSJ says