EQT Said to Near $3 Billion Deal for Compliance Risk Firm Avetta

EQT AB is nearing a deal to acquire Avetta LLC in a transaction that would value the compliance software provider at about $3 billion, including debt, according to people familiar with the matter.

The buyout firm could announce an acquisition of Avetta as soon as Tuesday, barring any last-minute snags, said the people, who asked not to be identified discussing confidential information.

A representative for EQT declined to comment, while spokespeople for Avetta and its owner Welsh Carson Anderson & Stowe didn’t immediately respond to requests for comment.

At around $3 billion, Stockholm-headquartered EQT would be paying about 24 times ...