By Parikshit Mishra
(Reuters) - U.S. buyout firm Leonard Green & Partner has agreed to buy intellectual property services provider CPA Global for 2.4 billion pounds ($3.10 billion) including debt, a source familiar with the matter said on Tuesday.
An announcement on the transaction is expected on Tuesday, the source also added.
The Financial Times earlier reported on the deal. (http://on.ft.com/2wEGtO4)
Reuters reported in July that CPA's owner Cinven had decided to sell the business, hiring Goldman Sachs (NYSE:GS) and JP Morgan as advisers and the business could fetch up to 2 billion pounds.
Cinven acquired CPA Global in 2012 from Intermediate Capital Group (LON:ICP) and the founder shareholders for around 950 million pounds, backed with 555 million pounds of debt financing.
Cinven declined to comment on the deal while Leonard Green & Partner and CPA Global and were not immediately available for comment outside regular business hours.