Financial data company SunGard Data Systems Inc. has been bought by a consortium of seven private investment firms for $11.3 billion, the companies said Monday, making it the biggest leveraged buyout in more than 15 years.
The private equity group buying SunGard is led by Silver Lake Partners and includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners and Texas Pacific Group.
The group is buying SunGard for $36 a share in cash, a 14 percent premium to its closing share price of $31.55 on Thursday on the New York Stock Exchange.
