Private equity firms including Blackstone Inc. and Permira are considering bids for fund services business IQ-EQ, people familiar with the matter said, paving the way for one of the most competitive auctions in Europe this year.
Carlyle Group Inc., EQT AB and TPG Inc. are also among those studying the asset, the people said. Luxembourg-based IQ-EQ could be valued at about €5 billion ($5.9 billion) in a sale, the people said, asking not to be identified as the information is private.
Astorg, which took control of IQ-EQ in 2016, has reached out to potential buyers and could ...
