MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 21, 2005 SunGard is in Play SunGard Data Systems is in play. The NYSE-listed firm may fetch upwards of $10 billion in a deal with an LBO specialist, reported a paper Monday. The deal would be for the entire firm, reported the NY Post. While the company's biggest business is in disaster recovery, it also provides numerous services to the fund management industry through its many business units. The likely buyer is a consortium that is led by San Francisco-based Silver Lake Partners and may include Pacific Group and Thomas H. Lee Partners. Other names mentioned in the deal include Blackstone Group, Citicorp Venture Capital and Kohlberg Kravis Roberts. The two sides have been in talks for the "past several weeks," according to the paper. SunGard sports a market cap of $7.2 billion based on Friday's close. Printed from: MFWire.com/story.asp?s=9305 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |