21 August 2017
visit www.avoka.com

Misys approached by private equity group

12 June 2006  |  9618 views  |  0 Misys

Banking systems vendor Misys - which admitted on Friday that it was holding management buyout talks - has received a separate approach from private equity groups General Atlantic Partners and Permira, according to a Financial Times report.

The private equity pairing is thought to have been in talks with Misys management for "some months", says the FT report, which cites a person close to the situation.

According to the report, Misys has also attracted the interest of buy-out firm Texas Pacific Group.

Shares in the struggling banking systems vendor closed 20% higher at 222 pence on Friday after the group confirmed that some members of its senior management were exploring the possibility of making an offer for the company.

Misys has established an independent committee of the board to consider the request.

The company said no price had been discussed, but analysts have suggested that bids could be in the region of 250 pence a share.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Misys confirms MBO interest

Misys confirms MBO interest

09 June 2006  |  7127 views  |  0 comments
Misys banking systems boss quits after just one month

Misys banking systems boss quits after just one month

20 April 2006  |  12257 views  |  0 comments
Misys shelves Sesame sale

Misys shelves Sesame sale

30 March 2006  |  6483 views  |  0 comments
Cadbury to continue as chairman of Misys

Cadbury to continue as chairman of Misys

22 March 2006  |  5656 views  |  0 comments
Misys appoints Steve Vaughan, CEO, banking systems

Misys appoints Steve Vaughan, CEO, banking systems

07 March 2006  |  6721 views  |  0 comments
Misys restructures banking systems business

Misys restructures banking systems business

26 January 2006  |  9399 views  |  0 comments
Misys Banking chief Martin steps down

Misys Banking chief Martin steps down

20 December 2005  |  13028 views  |  0 comments
Misys splits chairman/CEO role

Misys splits chairman/CEO role

03 November 2005  |  7701 views  |  0 comments
Misys shareholders demand answers for poor performance

Misys shareholders demand answers for poor performance

30 September 2005  |  9945 views  |  0 comments
Misys plummets on profits warning

Misys plummets on profits warning

13 September 2005  |  7127 views  |  0 comments
Misys drops controversial retention bonuses plan

Misys drops controversial retention bonuses plan

12 September 2005  |  5969 views  |  0 comments
Shareholders threaten to derail Misys retention bonus plan - FT

Shareholders threaten to derail Misys retention bonus plan - FT

25 August 2005  |  6284 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comdownload the paper now

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11269 views comments | 25 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9510 views comments | 22 tweets | 28 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9398 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9161 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9063 views comments | 10 tweets | 8 linkedin