BlackRock is in advanced talks to buy French software firm eFront, according to people familiar with the matter, as the world’s largest money manager seeks to become a bigger provider of the technology used by Wall Street.
The New York firm could pay between $1bn and $1.5bn for eFront, two of the people said. The software company provides reporting on private equity and alternatives for financial institutions among its offerings, tracking everything from fees to deals to fundraising, the Wall Street Journal reported.
