Bridgepoint Group PLC is mulling the sale of San Diego-based treasury management software provider Kyriba Corp in a deal which could give the portfolio firm a value of at least $2 billion, Bloomberg reported on Thursday.
According to people familiar with the matter, the FTSE 250 private investor is in the early stages of evaluating options for Kyriba, including the possibility of a sale process in the coming months.
Bridgepoint has not yet formally mandated an adviser for the sale, but it could draw interest from both strategic and financial investors.
Shares in Bridgepoint closed 2.2% lower at 272.80 pence on Thursday in London.
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