Munder Capital Management [profile] is hot property, and firms are scrambling to bid.

Crestview Partners indicated it was looking to sell the Birmingham, Michigan-based firm last June. At that time, Reuters' Jessica Toonkel reported that the business could sell for as much as $400 million. Today, Toonkel follows up on the story, broadcasting that the private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International, and Corsair in partnership with Flexpoint Ford LLC have all submitted bids for Munder. That Blackstone, Advent, and Thoma Bravo are in the game isn't news. Toonkel reported this last August, but back then, Lightyear Capital and Genstar Capital were also alleged players.

Who is in the lead is anyone's guess: none of the firms involved have commented. See the Reuters story here.  

Edited by: Nicole Spector


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