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Misys Could Have a New Owner

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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.

See the Institutional Investor Profile of Temasek Holdings

Possible Suitors

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. ]

DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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Marsh & McLennan Companies to Acquire JLT Group

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Marsh & McLennan Companies, Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group plc (JLT), a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. The transaction has been approved by the Board of Directors of each of MMC and JLT. JLT’s largest shareholder, Jardine Matheson Holdings, and JLT directors who collectively represent 40.5% of the issued and outstanding JLT shares in support of the transaction.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Indigo Ag Raises Series E Round

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Indigo Ag, Inc. raised US$ 250 million in a Series E funding round. The company is focused on creating innovative microbial products that increase crop yields in the face of environmental, disease, and pest stress. The investors in this round include Baillie Gifford, Investment Corporation of Dubai, the Alaska Permanent Fund Corporation, and the company’s founder, Flagship Pioneering. After the Series E, in total, Indigo has raised over US$ 650 million.

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