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SunGard Data Systems Inc. is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said. The business for sale, which offers data center space and technology infrastructure to clients looking to safeguard their data, has earnings before interest, tax, depreciation and amortization (EBITDA) of around $200 million, the people said. SunGard is owned by Bain Capital, LLC; Goldman Sachs Group, Merchant Banking Division; Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR); Providence Equity Partners LLC; Silver Lake; TPG Capital, L.P.; and The Blackstone Group L.P. (NYSE:BX) and is working with Goldman Sachs Group Inc (GS.N) on the possible sale, the people said. The people asked not to be identified because the matter is confidential. SunGard officials did not immediately respond to a request for comment while representatives of the private equity owners either declined to comment or were not immediately available to comment. Goldman Sachs declined to comment.

Siemens Aktiengesellschaft (DB:SIE) has approached a number of private equity firms about buying its stake in Nokia Siemens Networks B.V. (NSN). The private equity firms approached include TPG Capital, L.P., The Blackstone Group L.P. (NYSE:BX) and Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), according to people familiar with the matter.

NewSat Limited (ASX:NWT) eyes Cable & Wireless Optus Satellites Pty Limited. "We are interested in the process. At the moment we haven't directly requested the IM [information memorandum] but we have had a number of approaches from banks and private equity firms to partner. In the event we could put together a vehicle that's non-diluting, which allows us to win that business, we'd be very aggressive in pursuing that," NewSat Chief Executive Officer, Adrian Ballantine said. Singapore Telecommunications Limited (SGX:Z74) appointed Morgan Stanley and Credit Suisse in March 2013 to review options for Optus. Sources close to the process believe a trade sale is the most likely outcome. The bidding field is expected to include Apollo Global Management, LLC (NYSE:APO); Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR); Permira Advisers Ltd.; The Blackstone Group L.P. (NYSE:BX); Inmarsat Plc (LSE:ISAT) and Eutelsat Communications S.A. (ENXTPA:ETL). Market sources believe Optus's satellites business could fetch more than $2 billion, based on peer multiples and gross margins, which for satellites are typically in the range of 80 to 90 per cent. Ballantine believes the sale process will provide the company with an opportunity to increase visibility about its business model, and create value for its own shareholders. "If they have a valuation of $2.3 billion and we have a valuation of $230 million it augurs well. It will help us get better value on NewSat - when we talk about 80 to 90% margins that would appear to be what those satellites provide. It sounds like there is a lot of interest to acquire those satellites. It proves it's a healthy market with healthy multiples and the margins are high," he added.