Hg Said to Mull Stake Sale in €4 Billion French Tech Firm Septeo

Private equity firm Hg is considering options for French software company Septeo including a minority stake sale that may value the business at as much as €4 billion ($4.3 billion), according to people familiar with the matter.

Hg has been speaking to potential advisers as it prepares to gauge interest from potential investors, the people said, asking not to be identified because the information is private. Septeo may attract bids from other private equity funds and a formal process may start later this year, according to the people.