CapVest is in advanced negotiations to acquire TSG from HLD for approximately €1.8 billion, according to sources familiar with the matter. This potential deal would represent a significant expansion for the private equity firm into the financial services sector. The transaction, if completed, would value TSG at a premium to its recent market performance, signaling strong investor confidence in the company's future prospects. TSG operates in a niche area of financial technology, providing software solutions for wealth management firms, which aligns with CapVest's strategic focus on high-growth digital assets.