Deals
Software Maker Aspen Tech Said to Weigh Minority Stake Sale
- Aspen weighs options that may include manufacturer partnership
- Industrial software firm has market value of $9.5 billion
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Industrial software provider Aspen Technology Inc. is exploring options including a possible sale of a minority stake, according to people familiar with the matter.
A stake in Aspen Tech could appeal to large industrial firms as well as buyout funds, the people said, asking not to be identified because the information is private. The company is working with advisers as it weighs alternatives, which could also include a commercial partnership with a major manufacturer, they said.