Vista Equity Partners also makes an offer for Misys

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.

Stock Markets reacted with a 10% rise on Misys share price, and a 0.3% down in Temenos price at 14.00 pm CET.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s