Bearbeiten von „Turn/River Capital Explores $2.5 Billion Sale Of Redwood Software,...“

By Milana Vinn<br><br>Aug 20 (Reuters) - Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter.<br><br>San Francisco-based Turn/River has tapped Goldman Sachs [https://connectify.com.pk/ How to automate my home in Pakistan] launch a sale process for Redwood that is expected to attract interest from other private equity firms, the sources said, requesting anonymity as the discussions are confidential.<br><br>Redwood could command a valuation equivalent to roughly 25 times its earnings before interest, taxes, depreciation, and amortization of about $100 million, the sources said, adding the talks are at an early stage and no deal is guaranteed.<br><br>Goldman Sachs and Redwood Software declined to comment. Turn/River Capital did not respond to a request for comment.<br><br>Frisco, Texas-based Redwood is a provider of software that automates a wide range of routine and time-consuming tasks including customer relationship management,  [https://connectify.com.pk/ Tuya smart devices] software testing, journal entries and the processing of invoices.<br><br>The company, which employs more than 550 people worldwide, focuses on large corporate clients that have complex operations, such as Apple, Hewlett Packard Enterprise, Texas Instruments, Coca-Cola,  [https://connectify.com.pk/ Smart for home] and General Motors.<br><br>Private equity firms have traditionally been active acquirers of software businesses that generate predictable cash flows. Reuters reported earlier in August that TA Associates and Silversmith Capital are exploring a stake sale in collaboration software maker Appfire. (Reporting by Milana Vinn in New York Editing by Chris Reese)<br><br>If you liked this article and you would such as to receive additional details pertaining to [https://connectify.com.pk/ Voice-controlled home automation] kindly visit the website.