Vista Equity Partners agrees to buy Reuters risk unit

The deal, which should complete by January 31, 2012, is thought to be worth more than $500m in total.

Reuters' move to sell comes as part of the company's effort to raise up to $1bn from the sale of its enterprise risk management and investment accounting software businesses, a legal education product and Scandinavian legal, tax and accounting units.

Before the agreement was reached, Reuters had received bids from firms including Cinven, Bridgepoint and Montagu Private Equity.

Debt
Debt is expected to be provided by a group consisting of GE Capital, ING, Lloyds and Royal Bank of Canada.

The debt is estimated to be approximately $200m.

Company
The trade and risk management software business includes the flagship product Kondor. It provides software for liquidity risk systems for treasury and cash management operations and trade and risk software. It is part of the Thomson Reuters enterprise solutions business.

Advisers
Vendor - Barclays Capital (Corporate finance)

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