A group of seven private equity investment firms agreed to buy back-office software provider SunGard Data Systems Inc. on Monday in a deal the group valued at $11.3 billion. The acquisition marks the largest leveraged buyout of a public company since Kohlberg Kravis Roberts & Co. bought RJR Nabisco for $25 billion in 1989.

The private equity group is headed by Silver Lake Partners and includes Bain Capital, the Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners and Texas Pacific Group.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.