HGGC Said to Explore $4 Billion Sale of Typeface Firm Monotype

Buyout firm HGGC is exploring a sale of Monotype Imaging Holdings Inc. that could value the typeface firm at more than $4 billion, including debt, according to people familiar with the matter.

HGGC is working with a financial adviser to gauge takeover interest in the Woburn, Massachusetts-based company and is expected to launch a formal auction process in the coming weeks, said the people, who asked not to be identified because the matter isn’t public.

No final decision has been made and HGGC could opt to keep Monotype, the people added.

A representative for HGGC declined to comment, while Monotype ...