DH Corp acquired by Vista Equity Partners LLC

March 13th, 2017. Vista Equity Partners LLC agreed to buy Canadian financial services provider DH Corp (TSX: DH). for $2.73 billion plus the assumption of $2.07 billion in debt for a total value of $4.8 billion. Vista plans to combine DH Corp. with Misys Ltd., which it bought in 2012.  Founded in 1875, DH Corp. (formerly known as Davis+Henderson Corp) attempted to transition away from its tradition cheque print business into financial technology with the $1.2 billion 2013 acquisition of Hartland Financial Services and the US$1.25 billion 2015 acquisition of Fundtech, a provider of global payments to banks.

Source: Globe and Mail

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Posted in: PE/VC News

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