Private equity firm Astorg is preparing to launch a sale of its fund services platform IQ-EQ, with lenders readying around €2bn of buyout debt to support a potential acquisition, according to a report by Bloomberg citing sources familiar with the matter.
Astorg, which acquired control of the Luxembourg-based business in 2016, is expected to formally kick off the sale process shortly. The firm had already approached prospective buyers last year as it explored exit options.
IQ-EQ is a global provi...
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