Playmakers - Vista Could Offer $1.9 Billion in Cash for Misys

Vista Could Offer $1.9 Billion in Cash for Misys

Vista Equity Partners may offer nearly $2 billion in cash to acquire Misys Plc, a week after the financial software developer tentatively agreed to merge with a different company.

On Feb. 7, Reuters reported that Misys and Temenos Group AG had agreed “on several key terms” of a merger deal. Such a deal would have created the world’s largest vendor of banking software, Bloomberg wrote.

Then early on Monday, Misys said it had received a “non-binding proposal” from San Francisco-based Vista, wherein Vista proposed to acquire all of Misys’ outstanding shares for cash.

Vista later said it would wait for a recommendation from Misys’ board, as well as the completion of its own due diligence, before sending out an official offer. The Financial Times has said Vista may end up offering $1.9 billion in cash to complete a deal.