Taros Capital and Advent International are seeking to sell Dutch provider of payroll and human resources software, Raet, Reuters reports. The Dutch buyout firm and the global private equity firm are expecting a total of about €400 million from the sale.
The auction for the transaction could begin as soon as April 2011. The potential bidders for Raet could be Ceridian, Northgate Automatic Data Processing and HgCapital.
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