Private equity buyout firm Silver Lake Partners is interested in buying a part of SAP, Germany's leading business software company, German magazine Wirtschaftswoche reported Monday.
The three founders of SAP, Dietmar Hopp, Hasso Plattner and Klaus Tschira, own 30% of the SAP’s outstanding stock and Silver Lake is planning to acquire shares from at least one of them, Wirtschaftswoche reported, citing banking circles.
SAP is expected to talk to Silver Lake's investment banker J.P. Morgan later this month, the magazine said, and the founders would be willing to listen to an offer from Silver Lake if the price was right.
Silver Lake's may be interested in grabbing a stake of SAP in anticipation of Hewlett-Packard making a bid for the German business to increase its software presence, the magazine reported.
Shares of SAP fell 0.4% Monday in Germany.