H&F, Vista, TPG Said Among Bidders for Aareal Software Business.

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    • Abstract:
      Buyout firms Hellman & Friedman, TPG Inc., and Vista Equity Partners are among the remaining bidders for the software business of Aareal Bank. Blackstone Inc. has dropped out of the bidding process. Advent International has asked for first-round bids for Aareon, the software arm of Aareal Bank, with a potential equity value of at least €3 billion ($3.2 billion). Aareon, based in Mainz, Germany, develops software for the property industry. [Extracted from the article]
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