Bridgepoint Group plc (LSE:BPT) is considering the sale of portfolio firm Kyriba Corp., in a deal that could value the treasury-management software provider at more than $2 billion, people familiar with the matter said. The buyout firm is in the early stages of evaluating options for Kyriba, the people said, asking not to be identified as the matter is private. Bridgepoint may seek to raise more than $3 billion from the sale, one of the people said.

Bridgepoint could launch a sale process in the coming months, another person said. Bridgepoint hasn't formally mandated an adviser for the sale, according to the person. The business could draw interest from both strategic and financial investors, the people said.

Deliberations are ongoing, and there's no certainty they will lead to a transaction, the people said. A representative for Bridgepoint declined to comment, while a spokesperson Kyriba didn't immediately respond to requests for comment.