Finastra reportedly looking to sell banking business
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Private equity firm could jettison 50% of tech firm
New York-based firm feeling funky via Vista’s Endeavor Fund.
Misys and DH Corporation (D+H) have joined forces to create Finastra, the third largest financial services technology company in the world. As reported in March, D+H was acquired by Vista Equity Partners for $3.6 billion. The venture capital firm, which owns UK-based banking software vendor Misys, beat rival Advent International to acquire D+H. Finastra will […]
Canada’s banking software firm DH Corporation (D+H) is to be acquired by Vista Equity Partners and merged with Misys. The deal is reported to be worth CA$ 2.5 billion ($1.9 billion).
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, […]