Alerian Capital Management LLC, which manages indexes tracking energy and infrastructure companies, is in the early stages of exploring a sale, people with knowledge of the matter said.
Alerian has begun interviewing banks to help advise it on a transaction that could value the Dallas-based company at more than $1 billion, said the people, who asked not to be identified because the matter is private. The company has told bankers it expects to select an adviser after the Thanksgiving holiday on Nov. 27, the people said.
