Key Points
Oct 5 (Reuters) - Private equity firm General Atlantic LLC is exploring a sale of EngageSmart Inc (ESMT.N), a payments software vendor that has a market value of $3.2 billion, according to people familiar with the matter...
Investment banks Goldman Sachs Group Inc (GS.N) and Evercore Inc (EVR.N) are working with EngageSmart on a sale process, which is in its early stages, the sources said...
The sources, who requested anonymity because the matter is confidential, cautioned that no deal is certain and General Atlantic, which owns 54% of EngageSmart, could elect to sell down its stake in the stock market over time...
Summit Partners, a private equity firm that was already an investor EngageSmart, retains an approximately 15% stake...
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