Buyout firm Leonard Green agrees to buy a stake in UK-based Iris Software, which makes payroll and HR tools, from Hg in a deal valuing Iris at ~£3.15B (Swetha Gopinath/Bloomberg)

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Swetha Gopinath / Bloomberg:
Buyout firm Leonard Green agrees to buy a stake in UK-based Iris Software, which makes payroll and HR tools, from Hg in a deal valuing Iris at ~£3.15B  —  Leonard Green will become a co-controlling shareholder of the UK firm alongside Hg, which is reinvesting in the business, according to a statement Saturday.

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