London Stock Exchange Group plc (LSE:LSEG) and S&P Global Inc. (NYSE:SPGI) are among potential bidders for data provider Preqin Ltd., four people with knowledge of the situation said. The owners of the UK data firm that focuses on the private equity industry are considering options including a full sale of the business, and are being advised by Goldman Sachs, three of the people said. Those following the sale, first reported by the Financial Times and now in its second round, believe it could raise north of $2 billion, the three people said, speaking on condition of anonymity because the process is private.

S&P already has a strategic partnership with Preqin to share data on their respective platforms. Preqin, S&P, LSEG and Goldman Sachs declined to comment. Founder Mark O'Hare has a controlling stake in Preqin according to Companies House filings. O'Hare did not respond to a request for comment.