Firms line up to bid for IDC

At least seven private equity firms and two trade bidders will launch first round bids for Interactive Data Corporation, the financial data group majority-owned by Pearson. Bids are expected in the next week. Those bidding in the first round are thought to be Kohlberg Kravis Roberts, Carlyle, Hellman & Friedman, Bain Capital, Apollo, Permira and Providence. Trade bidders may include news and market data company Thomson Reuters and media group McGraw-Hill.