Reorg, the distressed debt and bankruptcy information provider backed by private equity firm Warburg Pincus, has hired advisers to explore a sale of all or parts of the business, according to four people briefed about the matter.
Transaction could value specialist distressed debt and bankruptcy information provider at about $1.5bn.
Reorg, founded in 2013 and headquartered in New York, NY, is a leading provider of real-time information and analysis on distressed companies and bankruptcy proceedings to players in the distressed debt community, including asset managers, investment banks, and law firms.
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Reorg was in 2018 on the other side of the table when they acquired a controlling stake in London-based Debt Explained Limited, the leading provider of data and analysis on the European high-yield and leverage loan markets.
Founded in 2013 Reorg serves more than 15,000 professionals across the world’s leading hedge funds, asset managers, investment banks, law firms and financial advisors so they can make better business, investment and advisory decisions.
Warburg Pincus LLC is a leading global growth investor. The firm has more than $64bn in private equity assets under management. The firm’s active portfolio of more than 205 companies is highly diversified by stage, sector, and geography.
Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $94bn in over 940 portfolio companies in more than 40 countries.
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