Nordic Capital Is Said to Pursue Temenos as Other Suitors Drop

Nordic Capital is one of the last suitors for Temenos AG after rival buyout firms dropped from the latest attempt to sell the Swiss banking software maker, people with knowledge of the matter said.

The Swedish private equity firm is holding talks with Temenos and lining up financing as it pursues a potential deal as early as this month, said the people, who asked not to be identified discussing confidential information. Nordic Capital could seek co-investors for the deal, given Temenos’s market value of 6 billion francs ($6.7 billion).

Previous suitors including EQT AB, Thoma Bravo and Permira are ...