BC Partners Is Said to Ink Sale of Software Firm Navex (1)

BC Partners has agreed to sell a majority stake in compliance software firm Navex to a consortium led by Goldman Sachs Asset Management in a deal valued at more than $2.5 billion, according to people familiar with the matter.

Blackstone Inc. will also become a minority investor in Navex as part of the transaction, said the people, who asked not to be identified because the information is private. BC Partners, which is set to retain a stake as well, could announce a deal as soon as the next few days, the people said.

The transaction also comes as exits have ...