Enfusion exploring possible sale after receiving takeover interest, Reuters says

Enfusion is in talks with investment bankers to evaluate its options, which could include a potential sale, people familiar with the matter told Reuters’ Milana Vinn. The software provider for asset managers, which has a market value of $1.1B, decided to interview investment banks in recent weeks after receiving takeover interest from potential suitors, including private equity firms, one of the sources said, according to the report. Shares jumped $1.20, or 14%, to $9.75 and were halted for volatility following the report.