EQT Is Said to Weigh Options for School Bus Firm First Student

EQT AB is weighing options including a US IPO for First Student Inc., a student transportation company backed by the private equity firm, according to people familiar with the matter.

The buyout firm is holding preliminary talks with potential advisers on options for the Cincinnati-based company, the people said, asking not to be identified as the information isn’t public. A request for proposals could be made as soon as in the coming months, the people said.

Deliberations are ongoing and EQT could decide to hold onto the asset for longer, the people said. Representatives for EQT and First Student ...