Cinven Said to Mull €3 Billion Sale of Software Maker Think-Cell

Private equity firm Cinven is considering a sale of German software company think-cell, which could be valued at as much as €3 billion ($3.5 billion) in a deal, according to people familiar with the matter.

Cinven has tapped Arma Partners to help evaluate exit options for think-cell, including a sale that could be launched early next year, the people said, declining to be identified because the information is private. The buyout firm is prepared to reinvest alongside any new owner as part of a transaction, some of the people said.

The founders of think-cell, who collectively own a stake ...