Bloomberg News reported, citing sources familiar with the matter, that buyout firm Hg Capital is nearing a deal to take the company private in a transaction valued around $4.3 billion, or about 6x projected 2026 revenue. This news emerged early Tuesday, sparking immediate buying interest as investors anticipated a premium offer for the financial software provider, which had been trading below its July IPO price. The development highlights renewed private equity interest in SaaS firms with stable cash flows, amplifying the premarket move amid light overall market volume.
