LONDON, Nov 29 (Reuters) - The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more than 4 billion euros ($4.4 billion), three people familiar with the matter told Reuters.
Alter Domus offers back office services to private capital funds, such as fund accounting and reporting, and oversees around $2 trillion in client assets.
Permira, Alter Domus, Goldman Sachs and Raymond James all declined to comment.
Alter Domus shareholders were reported in June 2022 to have held initial discussions with potential buyers, but a deal never materialised as soaring borrowing costs and market volatility rocked the deals market.
Earlier this year, Reuters reported that buyout group Thomas H. Lee Partners had clinched a deal to invest in U.S. fund administrator Standish Management.
Persons:
Alter Domus, Goldman Sachs, Raymond James, Thomas H, Lee, Standish, Pablo Mayo Cerqueiro, Amy, Jo Crowley, Emma, Victoria Farr, Anousha Sakoui, Tomasz Janowski
Organizations:
Reuters, Goldman, Domus, Alter Domus, Lee Partners, Standish Management, Thomson
Locations:
Luxembourg, London, Frankfurt