Turn/River Capital explores $2.5 billion sale of Redwood Software

Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter.

San Francisco-based Turn/River has tapped Goldman Sachs to launch a sale process for Redwood that is expected to attract interest from other private equity firms, the sources said, requesting anonymity as the discussions are confidential.