H&F, Bain in Deltek Bidding

(Reuters) – Hellman & Friedman LLC and Bain Capital LLC are among a handful of parties that have made offers for software maker Deltek Inc, moving bidders into the second stage of due diligence, two sources close to the matter said.

Deltek has not yet set a deadline for second round bids, although this could come in the next two weeks, said one of the sources. The auction is being run by Greenhill & Co Inc and Credit Suisse Group AG, according to the sources.

Deltek, which has a market capitalization of about $900 million, did not immediately respond to a request for comment while Hellman & Friedman, Bain, Greenhill and Credit Suisse declined to comment.

(Reporting By Nadia Damouni and Greg Roumeliotis in New York)

Image Credit: Deltek