Investment firm Vista Equity Partners said on Monday that it would buy Canada’s DH in a deal valued at $3.6 billion. The deal is the latest sign of interest in companies specializing in financial technology.
Vista offered $25.50 Canadian in cash for each DH share, an 11 percent premium to the stock’s Friday closing price.
Vista also said it would combine DH with UK-based Misys, a software provider for retail and corporate banking, lending, treasury and capital markets.
DH has close to 8,000 customers, including Canada’s five biggest lenders and more than half of the world’s 50 largest banks.
The deal follows DH’s appointment of a special committee last December to assess the interest of buying the company.
Full Content: Reuters
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