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Private equity groups buy SunGard for $11.3bn

SunGard, the technology firm, has been bought by a consortium of private equity firms for $11.3bn (€8.8bn), after weeks of speculation about a possible sale.

The consortium was led by Silver Lake Partners, the technology investment specialist, and comprised Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners and the Texas Pacific Group. It was advised by Morgan Stanley

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