SS&C contacts PE firms to explore buyout interest: Bloomberg

Financial software and services provider SS&C Technologies Holdings Inc (SSNC.O) recently contacted several private equity firms to gauge interest in a buyout, Bloomberg reported on Wednesday, citing people familiar with the matter.

Talks between SS&C’s management team and buyout firms have so far failed to move beyond a preliminary stage, as the firms have balked at SS&C’s high valuation, Bloomberg said.

SS&C, which has a market valuation of about $7.8 billion, did not immediately respond to a request for comment.
Shares of the company were up 1.4 percent in premarket trading.