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According to Financial Times, Vista Equity Partners, a private equity firm focused on investing in software and technology-enabled businesses based in USA, has launched a
rival £1.2bn offer for Misys.
Maija Palmer, redactor from FT following what could be the biggest and completest deal of the Banking Software Industry, stated that "the Invest firm is offering an indicative offer of 360 for every Misys share, with a 16 cts premium over the closing price
of 309,6p from Friday"
Value Act, major stake holder from Misys, was rather supportive of the Temenos-Misys deal, however other stakeholders might consider other options. Vista has among its latest investments, Kondor Thomson Reuters, and Misys could be considered as complementary
asset in its Banking Software Portfolio.
19 Mar 2009
This post is from a series of posts in the group:
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.