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Report: GI Partners, TA Associates weigh options for MRI Software

GI Partners LLC and TA Associates Management LP are considering a full exit and other options for real estate and investment management software provider MRI Software LLC, which could be worth $2.5 billion to $3.5 billion in a sale, Crain's Cleveland Business reported, citing a report from PE Hub Buyouts.

The publication noted that a source told Buyouts that the technology company has not initiated formal talks with potential acquirers. Prospective buyers could include CoStar Group Inc. and Global Payments Inc., a second source reportedly said.

MRI Software, which has not yet hired a banker to manage the sale process, could start formal discussions in early 2020, according to the Buyouts report.

None of the parties responded to Buyouts' request for comments, Crain's noted. However, a spokesperson for MRI Software told Crain's in an email that the company has no comment on the matter.