Permira Is Said to Be in Lead to Buy Reorg Research (1)

Permira has emerged as the lead bidder for Reorg Research Inc., the bankruptcy and distressed-debt information provider backed by Warburg Pincus, according to people familiar with the matter.

A deal could value Reorg at about $1.3 billion, said the people, who asked to not be identified because the matter isn’t public.

While Permira is the likely buyer, no final decision has been made and another bidder could win the auction, the people added. It’s possible the sale process could also end with no deal.

Representatives for Warburg Pincus, Permira and Reorg declined to comment.

Financial services data providers have ...