LONDON/NEW YORK (Reuters) – Private equity firms Hellman & Friedman and Silver Lake Partners are working on a joint bid for Pearson Plc’s (PSON.L) majority stake in financial market data provider Interactive Data (IDC.N), people familiar with the matter said on Wednesday.
The seller has encouraged private equity firms to team up to make bids, another source said.
Bids are due this week, and KKR [KKR.UL], Bain and Permira [PERM.UL] are also considering making offers, other sources told Reuters previously.
Publishing group Pearson — which owns the Financial Times as well as the world’s biggest educational publishing business and Penguin books — has a 61 percent stake in Interactive Data.
Pearson, Hellman & Friedman and Interactive Data declined to comment. Silver Lake could not immediately be reached for comment. (Reporting by Victoria Howley and Megan Davies; Additional reporting by Anupreeta Das; editing by John Wallace)
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.