Clearlake Capital is exploring a sale of Confluence Technologies, Reuters reports, citing four unidentified people familiar with the matter.
- Clearlake is hoping the deal will value the financial software provider at more than $3b, including debt
- Clearlake is working with Morgan Stanley and Centerview Partners on the sale process for Confluence
- A sale is not guaranteed
- Clearlake Capital and Centerview Partners declined to comment; Morgan Stanley and Confluence did not immediately respond to requests for comment: Reuters
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