Misys appoints advisers for £5.5 billion IPO
To sell or not to sell, that is the question…
Banking technology vendor Misys – currently residing in the hands of US-based Vista Equity Partners – is understood to be gearing up for an IPO on the London Stock Exchange.
According to City AM, Misys is planning a £5.5 billion float and has appointed investment advisory firm Moelis to oversee it.
In its current form, Misys emerged in 2012 as a result of Vista bringing together its two acquisitions in the banking tech space: Misys (purchased for £1.2 billion) and Turaz, the Thomson Reuters derived treasury and risk management software business.
The combined entity got new organisational structure and leadership, and the products went through yet more rebranding (the latest one is “Fusion”). Four key business lines – FusionBanking, FusionCapital, FusionInvest and FusionRisk – hold multiple products that have been accumulated by the merged companies over the years.
The vendor has an extensive customer base of over 1,800 entities worldwide.
The talks about Vista looking to sell Misys have been going on since 2014. Last year, there were reports of a Singaporean state-owned investment firm, Temasek Holdings, eyeing the vendor. Canadian pension funds and buy-out firms have also been cited as potential bidders.
