Private-equity investors the Blackstone Group and Silver Lake Partners are weighing a possible takeover offer for Northgate Information Solutions PLC, a U.K.-based outsourcing provider, according to AFX News. A deal worth around £535 million could be announced in the next three weeks, according to the news organization.
Northgate, which provides HR outsourcing and software, has installation in 90 percent of U.K. local agencies. It earlier disclosed receiving a number of unsolicited offers and was in discussions over a sale, according to published reports.
Blackstone and U.S.-based Silver Lake were among the consortium of private equity firms that bought U.S. software company SunGard Data Systems last year for $11.3 billion.