Investment banks are also looking to assemble the funding, according to people with knowledge of the matter — making it one of the latest so-called dual-track processes, where both banks and direct lending funds compete. Blackstone Inc., EQT, KKR & Co. and TPG are some of the interested parties looking to buy Iris Software from Hg, several of the people said.
Spokespeople for Iris, Blackstone, EQT, Hg, TPG and KKR declined to comment. Debtwire previously reported on funding options for the potential sale.
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