Misys Could Have a New Owner
London-based financial software provider Misys Plc, a portfolio company of Vista Equity Partners LLC, was getting primed for sale in 2014. US-based private equity firm Vista Equity hired banks to seek out prospective buyers and options for Misys. Founded in 1979, Misys is one of the UK’s biggest software companies and touts the world’s largest lenders as its clients. It wasn’t always financially rosy for Misys. Like other financial data providers, Misys was struggling from the aftermath of the global financial crisis. Vista Equity acquired Misys for £1.3 billion after merger talks between the banking vendor and Swiss rival Temenos Group AG failed. Vista also brought in new management, putting a former Oracle executive Nadeem Syed as CEO of Misys in 2013.
Possible suitors include Singapore’s Temasek Holdings, which bought a major stake in financial data provider Markit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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