Diligent Owners Explore Sale of Company: Reuters

The private equity owners of Diligent are exploring a sale that could value the company at nearly $7 billion including debt, Reuters reports, citing unidentified people familiar with the matter.

• Insight Partners, Blackstone, and Clearlake, which jointly own Diligent, have started interviewing investment banks
• The owners are preparing to launch a sale process for the company early next year
• The deliberations are at an early stage and a deal is not guaranteed
• Potential buyers include other private equity firms and data providers such as LSEG and S&P Global , the people tell Reuters
• Diligent, Blackstone, Insight Partners, Clearlake and ...