DH Corp acquired by Vista Equity Partners LLC

///DH Corp acquired by Vista Equity Partners LLC

DH Corp acquired by Vista Equity Partners LLC

By | 2018-02-20T16:06:34+00:00 March 23rd, 2017|M&A News|

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

Transaction Details:

Date of Announcement3/13/2017
HeadlineVista Equity Partners acquires D+H
SectorInformation Technology, FinTech, Payments
Company AcquiredD+H
Company LocationToronto, Ontario
Transaction Amount (reported)$4.8B
Amount InvestedN/A
Key Investors
AcquirerVista Equity Partners
Acquirer LocationAustin, Texas
Capital Raised to date$28B
Key Investors
CommentThe deal would merge D+H with Mysis, a U.K.-based software company focused on the global banking industry.
Press ReleaseThe Globe and Mail
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