23 May 2017
Book a meeting today

Vista to buy DH Corp for C$4.8 billion, merge with Misys

13 March 2017  |  8073 views  |  0 back of one dollar note

Private equity group Vista has sealed a C$4.8 billion deal to acquire Canadian financial software house DH Corp and merge it with fellow portfolio company Misys.

DH Corp, which acquired payments outfit Fundtech in 2015, currently claims 8000 clients in 70 countries generating $1.5 billion+ in annual revenues. The firm has been on the block for a year, attracting interest from numerous VCs and established fintech players like Fiserv and Temenos.

The transaction price represents a premium of approximately 36% over D+H's closing share price on 5 December, when reports first surfaced that the company was in the market.

Vista says it will merge DH with Misys to create a business with a global footprint and one of the broadest set of financial software available to the market with approximately $2.96 billion (approximately US$2.2 billion ) in revenues, approximately 10,000 employees, and 9,000+ customers across 130 countries, including 48 of the top 50 Banks.

The combination makes a lot of strategic sense for Vista, which has seen its plans to float Misys on the stock exchange fall apart as the company's valuation crashed in the face of Brexit scares and volatile trading conditions. A merger with DH will create a larger, more diversified group that could get the IPO process back on track with a much larger valuation.

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 cans plans to float

Misys cans plans to float

27 October 2016  |  8951 views  |  0 comments | 7 tweets | 8 linkedin
Brexit jitters hit Misys IPO

Brexit jitters hit Misys IPO

17 October 2016  |  5196 views  |  0 comments | 7 tweets | 3 linkedin
Misys to float in early November

Misys to float in early November

06 October 2016  |  4072 views  |  0 comments | 4 tweets | 4 linkedin
Canada's D+H agrees $1.25bn Fundtech acquisition

Canada's D+H agrees $1.25bn Fundtech acquisition

31 March 2015  |  9744 views  |  0 comments | 5 tweets | 21 linkedin
Misys on the block as Vista Equity Partners agrees Tibco acquisition

Misys on the block as Vista Equity Partners agrees Tibco acquisition

29 September 2014  |  15506 views  |  0 comments | 8 tweets | 13 linkedin
D+H closes $1.2bn Harland acquisition

D+H closes $1.2bn Harland acquisition

16 August 2013  |  5389 views  |  0 comments | 1 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit dh.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8813 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8675 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8575 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8359 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8292 views comments | 19 tweets | 24 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job