FILE PHOTO: Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Harrison McClary/File Photo
(Reuters) -Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the matter said.
The private equity firm has tapped investment bankers at Evercore to advise on the OEConnection sale process, which is expected to launch later this year, said the sources, who requested anonymity to speak about matters that are not public.
