Genstar to Weigh Options for Software Firm Prometheus
- Private equity firm working with adviser to find partner
- Prometheus could be valued at about $6 billion in deal
This article is for subscribers only.
Genstar Capital is considering strategic options for Prometheus Group, including a stake sale that could value the industrial software company at about $6 billion, people with knowledge of the matter said.
The private equity firm is working with advisers as it weighs offloading either a minority or controlling interest in Raleigh, North Carolina-based Prometheus, according to the people. Prometheus is likely to attract interest from other buyout firms, they said.