The private equity owners of Snow Software, a provider of software tools and solutions that help companies obtain the proper licensing for the software they use, are looking into a potential sale of the firm at a valuation of up to $1 billion, including debt, according to a report by Reuters.
The private equity owners of Snow Software, a provider of software tools and solutions that help companies obtain the proper licensing for the software they use, are looking into a potential sale of the firm at a valuation of up to $1 billion, including debt, according to a report by Reuters.
Unnamed Reuters sources said that Sumeru Equity Partners, Ontario Pension Board and Vitruvian Partners have appointed investment bank JPMorgan Chase & Co to explore options for the software solutions provider, with a formal sale process is set to begin later this year. However, there is no guarantee that a deal will be agreed.
Sumeru and Ontario Pension Board joined Vitruvian as shareholders in Snow Software in 2017 with a $120 million investment.
