New Mountain Said Exploring Sale of SNL Financial for $1 Billion
ByBuyout firm New Mountain Capital is exploring a sale of SNL Financial, the financial news and data services provider it bought a majority stake in four years ago, people with knowledge of the matter said.
New Mountain is seeking more than $1 billion for Charlottesville, Virginia-based SNL, said the people, who asked not to be identified because the matter is private. The private-equity firm is in the early stages of testing the market for SNL and may decide not to sell it if it can’t fetch a high enough price, the people said.
A spokesman for New Mountain Capital declined to comment, and a representative for SNL didn’t return a call seeking comment…
New Mountain Said Exploring Sale of SNL Financial for $1 Billion