Munder Capital Management
] is hot property, and firms are scrambling to bid.
indicated it was looking to sell the Birmingham, Michigan-based firm last June
. At that time, Reuters'
Jessica Toonkel reported that the business could sell for as much as $400 million. Today, Toonkel follows up
on the story, broadcasting that the private equity firms Thoma Bravo
, Blackstone Group
in partnership with Advent International
, and Corsair
in partnership with Flexpoint Ford LLC
have all submitted bids for Munder. That Blackstone, Advent, and Thoma Bravo are in the game isn't news. Toonkel reported this last August, but back then, Lightyear Capital and Genstar Capital
were also alleged players.
Who is in the lead is anyone's guess: none of the firms involved have commented. See the Reuters
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