Accel-KKR Said to Explore Bid for $415 Million Quadient Unit (3)

Accel-KKR has approached Quadient SA about a potential bid for its customer experience management business, which could be valued at more than 350 million euros ($414 million), people familiar with the matter said.

The technology-focused investment firm has contacted Quadient with an initial expression of interest in the unit, the people said, asking not to be identified discussing confidential information. It is working with its existing portfolio company Smart Communications Inc. to evaluate the potential acquisition, the people said.

Quadient Chief Executive Officer Geoffrey Godet said during a conference call Monday that it wasn’t the first time the company had ...