Warburg Could Sell or Float MLM Information Services

NEW YORK (Reuters) – MLM Information Services LLC, majority owned by private equity firm Warburg Pincus, is considering either a sale or an initial public offering, a source familiar with the matter said on Friday.

MLM, a corporate tax software provider, is owned by Warburg Pincus and by Mason Slaine, MLM’s Chairman and CEO, according to the company’s website.

The Wall Street Journal reported on Thursday that a sale could fetch $500 million. The source who spoke to Reuters, however, said it could be worth more.

The company is being advised on the process by Morgan Stanley (MS.N), the source said, who declined to identifiedbecause the process is not public.

Warburg and Morgan Stanley declined comment.

By Megan Davies
(Editing by Bernard Orr)