Interactive Data Corp, one of a world’s largest financial information providers, has hired banks for a intensity sale or an initial open charity that could value it during some-more than $5 billion, including debt, people informed with a matter pronounced on Tuesday.
IDC’s owners, private equity firms Silver Lake Group LLC and Warburg Pincus LLC, have asked Credit Suisse Group AG (CSGN.VX) and Goldman Sachs Group Inc (GS.N) to run an auction for a company, a people said.
Silver Lake and Warburg Pincus are also operative with banks that embody Morgan Stanley (MS.N) and Barclays Plc (BARC.L) on an IPO that would take place if a auction captivated offers that did not accommodate expectations, a people added.
The sources asked not to be identified since a matter is not public. IDC did not immediately respond to a ask for comment. Representatives of a banks and a private equity firms possibly declined to criticism or did not respond to a ask for comment.
IDC, a aspirant of Bloomberg LP and Thomson Reuters Corp (TRI.TO), provides financial information to clients who allow to a fixed-income analysis services, real-time marketplace data, trade infrastructure and analytics.
IDC’s business embody 48 of a tip 50 U.S. banks, 49 of a tip 50 tellurian item managers and all of a tip 50 U.S. mutual funds, according to a annual report.
Bedford, Massachusetts-based IDC was taken private in 2010 by Silver Lake and Warburg Pincus for $3.4 billion.
IDC had practiced gain before interest, taxes, debasement and amortization in 2014 of $362.4 million, adult from $351.6 million a year earlier.
(Reporting by Liana B. Baker and Greg Roumeliotis in New York; Editing by Steve Orlofsky)
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