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Two private equity firms take control of U S software company Precisely in $3 5 billion deal: source

2 Min Read (Reuters) - Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters. The seller, Centerbridge Partners, will remain a minority investor, the source said late on Tuesday. It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded. The Wall Street Journal had reported earlier that TA Associates and Clearlake, which was already a minority investor in Precisely, had agreed to back Precisely, whose legal name is Syncsort Inc, and become its new owners.

Two private equity firms take control of U S software company Precisely in $3 5 bln deal- source

Article content Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters. The seller, Centerbridge Partners, will remain a minority investor, the source said late on Tuesday. We apologize, but this video has failed to load. Try refreshing your browser, or Two private equity firms take control of U.S. software company Precisely in $3.5 bln deal- source Back to video It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded.

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