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(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.
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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.
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It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded.
Two private equity firms take control of U S software company Precisely in $3 5 billion deal: source reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.