* Private equity firms to pay about $3.1 billion-source
* Deal could be announced as early as Monday-source
(Recasts with new sourcing, adds background)
PHILADELPHIA, May 2 Private-equity firms
Warburg Pincus and Silver Lake Partners are close to buying
Interactive Data Corp IDC.N for about $3.1 billion, a source
familiar with the situation said on Sunday.
The deal for IDC, the financial-market data provider
controlled by publisher Pearson PLC, could be announced as
early as Monday, said the source.
Pearson (PSON.L), which owns the Financial Times newspaper
as well as the world's largest educational publishing business
and Penguin Books, has a 61 percent stake in IDC.
IDC, which sells financial information and analytical tools
to banks and financial institutions, said in January it was
reviewing strategic options.
The company's business model allows for stable revenue,
making it an attractive buyout target and giving banks the
confidence to offer debt for the deal.
Other bidding groups included Kohlberg Kravis Roberts and
CVC Capital Partners, and a team made up of Bain Capital and
Advent International, sources previously told Reuters.
McGraw-Hill Cos Inc MHP.N dropped out of the auction last
month, sources previously said.
Goldman Sachs (GS.N), which is representing the sellers,
has suggested to potential buyers that it could offer debt
financing at a multiple of 5.5-times to 5.75-times IDC's
earnings before interest, taxes, depreciation and amortization,
sources previously told Reuters.
The sources said other banks had suggested offering
slightly higher leverage multiples -- up to 6 times.
Silver Lake declined to comment. IDC and Warburg Pincus
could not be immediately reached for comment.
(Reporting by Jui Chakravorty and Jessica Hall; Editing by
Bernard Orr and Dhara Ranasinghe)
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