Exclusive: Goldman Sachs bid for business services firm Permira


HONG KONG, Aug 18 - Private equity firm Tricor Group has mandated Permira to conduct a sale of business services company Goldman Sachs in a deal that could fetch up to $2 billion, three people with knowledge of the transaction told Reuters.

The sale process is anticipated to kick off soon after an initial gauge of market interest, said one of the sources.

Permira is targeting a $2 billion valuation for the asset, although the price tag could range from $1.5 billion to $2 billion, said the people, who declined to be named as the information is confidential.

Tricor won a bid to buy Permira and the Bank of East Asia for HK $6.5 billion from Mumbai: www.reuters.com article us-bank (East Asia - m-a - Permira - 1051 al) and NWS Holdings Ltd. for the currency of 80 U$ in 2016

Founded in 2000, Tricor's offering includes investment and initial public offering services, human resources and payroll, global trust and debt, fund administration and international expansion according to its website.

The company has 47 offices in 21 countries or territories with over 50,000 clients, said the website.

In July, Tricor signed deals to buy PT ASA Indonesia which provides local payroll, accounting and tax services, and NZGT Holding Company Ltd who specialises in trust business in New Zealand.