The firm is seeking a secondary sale to a private equity firm, the report said, with Bank of America Merrill Lynch advising on the process.
The company’s EBITDA of $200m, could see a valuation of between $2bn and $2.5bn.The company recorded revenues of $661m for its most recent 12-month period.
Hellman & Friedman acquired the company for $1.7bn in 2007, the first investment from its recently closed, $8.4bn Hellman & Friedman Capital Partners VI fund.
The firm is also said to be seeking an exit for human resources software company Kronos and its claims services provider Sedgwick Claims Management Services.
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