PE firms circle Reuters Kondor

Thomson Reuters is preparing to sell Kondor, its trade and risk management technology business, attracting interest from private equity firms and vendors, according to the Financial Times.

  0 Be the first to comment

PE firms circle Reuters Kondor

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The company has brought in Barclays to advise it on a sale and sent out information about the unit - which could fetch up to $500 million - to potential buyers.

Citing a person "close to the talks", the FT says PE outfit CVC is the seen as a frontrunner, with Hellman & Friedman, 3i, Warburg Pincus and Advent all potential bidders as well.

UK fintech vendor Misys - provider of Kondor rival Summit - could also make a move, as could French firm Murex and US giant SunGard, claims the FT.

Kondor sale could fetch $500m - FT (subscription)

Sponsored [On-Demand Webinar] PREDICT 2025: The Future of AI in the US

Comments: (0)

[On-Demand Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[On-Demand Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates