People familiar with the matter said Bridgepoint Group is considering the sale of Kyriba Corp., which could be worth more than $2 billion.
The people asked not to be identified as the matter is private, said that the firm is in the early stages of evaluating options for San Diego-based Kyriba. One of the people said that Bridgepoint could launch a sale process in the coming months.
Bridgepoint has not mandated an adviser for the sale, according to the person. People said the business could draw interest from both strategic and financial investors.
Corporate finance executives can use Kyriba to manage foreign exchange processes. It has more than 2,000 clients in various industries. Bridgepoint bought a majority stake in the business.
Despite the recent sell-off in the technology sector, investors are still interested in investing. Hg agreed to acquire Ideagen for about 1 billion pounds. In April, a group of investors offered to buy Basware in a deal valued at over $600 million.
There is no certainty that the deliberations will lead to a transaction. A representative for Bridgepoint declined to comment, while a spokesman for Kyriba didn't respond to requests for comment.