Editor’s Note: An earlier version of this story incorrectly reported The Carlyle Group’s stake after the sale of SS&C shares.
New York global equity investor The Carlyle Group is trimming its stake in Windsor financial services software provider SS&C Technologies, offering 7 million shares it holds to the public, SS&C says.
SS&C’s stock closed at $20.25 on Thursday, making the offering potentially worth $142 million.
Upon completion, Carlyle will own 36.8 percent of the SS&C stock, down from around 45 percent today, an SS&C official said. The deal is expected to close Wednesday.
SS&C declared in a statement announcing the planned tender that neither the company nor its management are selling any stock in the offering.
SS&C was founded in 1986 and employs more than 1,300 people.
It offers a variety of financial service products, but its biggest division is financial software.
In March 2010, SS&C sold 10.7 million share of stock in an initial public offering, and sold another 9 million shares in January.
Carlyle Group is one of the world’s richest, most influential investors with assets owned or under management of about $100 billion.
